The U.S. Department of Agriculture (USDA) is accepting
applications today through October 29, 2021, and cooperatives,
credit unions and nonprofit organizations are encouraged to
apply for these competitive loans, which ultimately will help
agricultural producers and landowners resolve heirs’ land
ownership and succession issues.
Through HPRP, FSA loans up to $5 million at a 1% interest rate
to eligible lenders. Then, those eligible lenders will reloan
funds to heirs to help resolve title issues by financing the
purchase or consolidation of property interests and financing
costs associated with a succession plan.
How to Apply
Intermediary lenders should apply by the October 29, 2021
deadline using the HPRP application form (FSA-2637), which can
be submitted to FSA by mail:
FSA Deputy Administrator for Farm Loan Programs
Loan Making Division
1400 Independence Avenue, S.W.
Washington, DC 20250
Additionally, FSA will host a webinar on September 15 at 2 p.m.
ET for interested lenders, who can register or learn more on the
FSA Outreach and Education webpage.
Eligible Lenders Intermediary lenders must:
be certified as a community development financial institution,
and have experience and capability in making and servicing
agricultural and commercial loans that are similar in nature.
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If applications exceed the amount of available funds, FSA will
prioritize applicants that both have at least 10 years or more
of experience with socially disadvantaged farmers; and are
located in states that have adopted a statute consisting of
enactment or adoption of the Uniform Partition of Heirs Property
Act (UPHPA). A list of these states is available at farmers.gov/heirs/relending.
Frequently asked questions (including those in Spanish, Thai and
Chinese), the August 3, 2021 overview webinar, and other resources
can be found on farmers.gov/heirs/relending.
After the loans are announced, USDA will distribute information for
heirs on how to apply. Information for heirs is also on farmers.gov/heirs/relending.
USDA touches the lives of all Americans each day in so many positive
ways. In the Biden-Harris Administration, USDA is transforming
America’s food system with a greater focus on more resilient local
and regional food production, fairer markets for all producers,
ensuring access to safe, healthy and nutritious food in all
communities, building new markets and streams of income for farmers
and producers using climate smart food and forestry practices,
making historic investments in infrastructure and clean energy
capabilities in rural America, and committing to equity across the
Department by removing systemic barriers and building a workforce
more representative of America. To learn more, visit www.usda.gov.
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