The Farm Credit Administration is dedicated to helping out the next generation of farmers and ranchers.
Across the country, Farm Credit lenders made more than 97,000 loans to beginning farmers last year, which totaled to more than $26 billion.
The FCA defines young farmers as 35 years old or younger, beginning farmers who have been farming less than 10 years or small farmers with sales less than $250,000 a year.
Related:
What does the state of financial credit look like for young or beginning farmers?
Real estate loans are up 5%. Will this trend continue?
Meet this year’s Tennessee’s Young Farmer and Rancher of the Year!
