Farmers, ranchers now can make USDA farm loan payments online

Posted under: Digital Transformation
Date: 2024-02-29
Farmers, ranchers now can make USDA farm loan payments online

The U.S. Department of Agriculture (USDA) announced recently that most farm loan borrowers will be able to make payments to their direct loans online through the Pay My Loan feature on farmers.gov in early February. Pay My Loan is part of a broader effort by the USDA’s Farm Service Agency (FSA) to streamline its processes. “Farmers and ranchers have responded to some difficult challenges over the last few years, and their time is a precious commodity,” said Agriculture Deputy Secretary Xochitl Torres Small. ""Having the option to conduct business online is essential, and the Pay My Loan feature allows customers to take care of business seamlessly. The online payment feature is just one of many ways the Farm Service Agency is modernizing its farm loan programs and enhancing the customer experience for this incredibly hardworking group.” Pay My Loan also provides time savings for FSA’s farm loan employees by minimizing manual payment processing activities.

Read more at: swvatoday.com