The Corson, Dewey, Meade, Perkins & Ziebach County FSA offices would like to keep you informed of the following items important to USDA programs. If you have any questions, please contact the following offices at:
• Corson County FSA: 605-273-4506 Ext. 2
• Dewey County FSA: 605- 865-3522 Ext. 2
• Meade County FSA: 605-347-4952 Ext. 2
• Perkins County FSA: 605-244-5222 Ext. 2
• Ziebach County FSA: 605- 365-5179 Ext. 2.
FSA County Offices are open for business by Phone Appointment Only! The service center remains closed for visitors, but we will continue to work with producers by Phone and Digital Tools Like Microsoft Teams, Box and One Span and emails.
DATES TO REMEMBER:
NOTICE OF LOSS: REPORT LOSS WITHIN 15 DAYS OF OCCURRENCE ALL CROPS AND GRASSES
LIVESTOCK LOSSES: FILE NOTICE OF LOSS THE EARLIER OF 30 CALENDAR DAYS OF WHEN THE LOSS WAS APPARENT
• October 15, 2021 CRP Emergency Hay bales must be removed
• January 30, 2022 – Livestock Forage Program Signup Ends
Applying for FSA Direct Loans
FSA offers direct farm ownership and direct farm operating loans to producers who want to establish, maintain, or strengthen their farm or ranch. Direct loans are processed, approved and serviced by FSA loan officers.
Direct farm operating loans can be used to purchase livestock and feed, farm equipment, fuel, farm chemicals, insurance, and other costs including family living expenses. Operating loans can also be used to finance minor improvements or repairs to buildings and to refinance some farm-related debts, excluding real estate.
Direct farm ownership loans can be used to purchase farmland, enlarge an existing farm, construct and repair buildings, and to make farm improvements.
The maximum loan amount for direct farm ownership loans is $600,000 and the maximum loan amount for direct operating loans is $400,000 and a down payment is not required. Repayment terms vary depending on the type of loan, collateral and the producer’s ability to repay the loan. Operating loans are normally repaid within seven years and farm ownership loans are not to exceed 40 years.
Please contact your local FSA office for more information or to apply for a direct farm ownership or operating loan.
Higher Loan Limit now available for USDA guaranteed farm loans
The U.S. Department of Agriculture (USDA) is announcing a higher loan limit will be available for borrowers seeking a guaranteed farm loan starting Oct. 1, 2021, from $1.776 million to $1.825 million.
“Farm loans are critical for our customers’ annual operating and family living expenses, emergency needs, and cash flow,” FSA Administrator Zach Ducheneaux said. “Raising the guaranteed loan limit will allow FSA to better meet the financial needs of producers as natural disasters and the pandemic continue to impact their operations.”
FSA farm loans offer access to funding for a wide range of producer needs, from securing land to financing the purchase of equipment. Guaranteed loans are financed and serviced by commercial lenders. FSA provides up to a 95% guarantee against possible financial loss of principal and interest. Guaranteed loans can be used for both farm ownership and operating purposes.
In fiscal year 2021, FSA saw continued strong demand for guaranteed loans. FSA obligated more than $3.4 billion in guaranteed farm ownership and operating loans. This includes nearly $1.2 billion for beginning farmers. The number of guaranteed borrowers has grown by 10% to more than 38,750 farmers and ranchers over the last decade. FSA expects the increasing demand for farm loans to continue into fiscal year 2022.
– Disaster Set-Aside Extension
USDA has additional support available to producers given the recent outbreaks of the COVID-19 Delta variant and has extended the availability of COVID-19 Disaster Set-Aside (DSA) for installments due through Jan. 31, 2022. In addition, FSA will permit a second DSA for COVID-19 and a second DSA for natural disasters for those who had an initial COVID-19 DSA. Requests for a COVID-19 DSA or a second DSA must be received no later than May 1, 2022.
Last year, FSA broadened the use of the DSA. Normally used in the wake of natural disasters, the DSA can now allow farmers with USDA farm loans who are affected by COVID-19 and determined to be eligible, to have their next payment set aside. The set-aside payment’s due date is moved to the final maturity date of the loan or extended up to twelve months in the case of an annual operating loan. Any principal set-aside will continue to accrue interest until it is repaid. This will improve the borrower’s cashflow in the current production cycle.
– More Information
Producers can explore available options on all FSA loan options at fsa.usda.gov or by contacting their local USDA Service Center. Service Center staff continue to work with agricultural producers via phone, email and other digital tools. Because of the pandemic, some USDA Service Centers are open to limited visitors. Contact your Service Center to set up an in-person or phone appointment. Additionally, more information related to USDA’s response and relief for producers can be found at farmers.gov/coronavirus.
USDA expands local, electronic communication options for South Dakota producers
Agricultural producers in South Dakota can now signup to receive free email and text messages directly from their local U.S. Department of Agriculture (USDA) Service Center for information related to loans, farm disaster assistance, conservation programs, crop insurance and other USDA programs. USDA is expanding the service that the Farm Service Agency (FSA) has used for years to now include local information from the Natural Resources Conservation Service (NRCS), Risk Management Agency (RMA), and other USDA agencies.
USDA will send news and updates through a single email or text message subscription through govDelivery, a communication technology service for government agencies. The digital communications platform is secure and subscriber contact information will not be shared.
In addition to subscribing for emails and texts by location, you can also subscribe for lists by topics, from soil health to farm loans, safety net programs, disaster assistance, and more.
– How to Subscribe
Producers can subscribe online in minutes by visiting farmers.gov/subscribe. From this link, producers can choose to receive email communications, text message alerts or both. The first step is establishing subscriber preferences by choosing to receive program information by topic, state, and local Service Center. Producers can select as many subscriber options as they want, which allows those who have agricultural interests in multiple counties or across state lines to receive updates from each county in which they operate or have an interest.
– More Information
For more information visit farmers.gov/working-with-us/stay-connected or for subscription assistance contact your local USDA Service Center.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, DC 20250-9410, or call (866) 632-9992 or (toll-free Customer Service), (800) 877-8339 (local or Federal relay), (866) 377-8642 (Relay voice users).