Have a USDA Payment? Hop Online!
With your Southeast Regional Ag News, I am Haylie Shipp. This is the Ag Information Network. As we enter into the year, one more sign of the digital age is flashing before us.
Starting in February, the U.S. Department of Agriculture says that most farm loan borrowers will be able to make loan payments online through the Pay My Loan feature on farmers.gov. Pay My Loan is part of a broader effort by the Farm Service Agency to streamline its processes, especially for producers who may have limited time during the planting or harvest seasons to visit a local FSA office.
“Farmers and ranchers have responded to some difficult challenges over the last few years, and their time is a precious commodity,” says USDA Deputy Undersecretary Xochitl (so-CHEEL) 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.”
On average, local USDA centers process more than 225,000 farm loan payments each year. It’s the hope of the USDA that the “Pay My Loan” option will give most borrowers an online repayment option and relieve them from traveling to a local Service Center.
