USDA Microloans for Farmers: Participation Patterns and Effects of Outreach
Economic Research Report No. (ERR-222) 33 pp, December 2016
U.S. Department of Agriculture, Farm Service Agency’s (FSA) Microloan program, launched in 2013, aims to better serve the credit needs of several types of farmers: small, beginning, veteran, and/or from historically socially disadvantaged groups (women and minorities). ERS researchers investigate the composition of Microloan borrowers and the receipt of these loans by new FSA borrowers.
Errata: On January 18, 2017 in the report USDA Microloans for Farmers: Participation Patterns and Effects of Outreach the axis label for the second-to-last category of the figure in the report’s Summary, as well as in Figure 2, was corrected to read “Overlap: beginning farmer and SDA.”
Keywords: Farm Service Agency, Microloans, credit programs, Direct Operating Loan, women, minority, beginning farmers and ranchers, veteran, new borrower, outreach, uptake, target group
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