Conservation loans available
Funds are now available from the Illinois Farm Service Agency for guaranteed conservation loans.
Those loans allow farmers to implement conservation practices on their land that will help protect natural resources.
“Guaranteed Conservation Loans are a useful alternative to help operators implement any Natural Resources Conservation Service-approved conservation practice, including waste management systems, conservation structures or water conservation measures,” said Scherrie V. Giamanco, FSA state executive director.
Unlike other FSA guaranteed loan programs, conservation loans are not limited to family-size farms. Operators who may not normally qualify for an FSA guaranteed farm operating or ownership loan could be eligible for a guaranteed conservation loan.
The guaranteed conservation loan limit is $1,302,000, and interest rates and terms will vary. The maximum guarantee FSA can issue is 75 percent.
For questions regarding Guaranteed Conservation Loans, please contact your lender or your local FSA Office.
