Press Release
☷Farmers Ranchers Now Can Make USDA Farm Loan Payments Online
U.S. Department of Agriculture ( By Press Release office)
Jan 30,2024
| 6| 1
The U . S . Department of Agriculture ( USDA ) announced today that farmers will soon be able to make online payments for their loans through farmers . gov . This new feature , called Pay My Loan , is part of USDA ' s efforts to make things easier for farmers , especially during busy planting and harvest seasons . Deputy Secretary Xochitl Torres Small emphasized the importance of online options for busy farmers , stating that it allows them to take care of business without the hassle of calling or visiting a USDA office . On average , USDA Service Centers process over 225 , 000 farm loan payments each year , and Pay My Loan will provide a convenient online option for most borrowers . This new feature also saves time for USDA employees by automating payment processing . To use Pay My Loan , farmers need to create a USDA customer account and a USDA Level 2 eAuthentication or Login . gov account . This release only applies to individual borrowers , and those with jointly payable checks will still need to make payments through their local office . USDA ' s Farm Loan Program is continuously improving its customer - facing process , including an online loan application that is paperless and allows for electronic signatures and document attachments . The USDA is making positive changes to America ' s food system , focusing on local and regional production , fair markets for producers , access to healthy food for all communities , and supporting farmers with climate - smart practices . They are also investing in rural infrastructure and clean energy , and working towards equity and diversity in their workforce . To find out more , visit www . usda . gov . #USDA is an equal opportunity provider , employer , and lender .
PLAY the NEWS
* May be useful for visually impaired persons .
Press release information:
Direct link to press release:
Click here .