USDA has launched the Debt Consolidation Tool, an online resource available on farmers.gov that helps agricultural producers evaluate potential savings by consolidating farm operating debt with USDA’s Farm Service Agency (FSA) or a local lender.
This tool is part of FSA’s broader efforts to modernize farm loan programs, enhance customer service and support farmers’ financial viability, the agency said. The Debt Consolidation Tool is easy to access, requiring no farmers.gov account, and runs on most web browsers.
FSA has also introduced significant updates to farm loan programs, including a Loan Assistance Tool and Online Loan Application, to simplify and automate the loan process for over 26,000 producers annually.
