USDA has begun implementing a process to identify whether an operation has sufficient cash flow to make their next scheduled loan payment.
Through this procedure, qualifying borrowers can request FSA to cover their next installment due or a recently missed installment. All FSA direct loan borrowers should have received a letter in February 2023 detailing the process for seeking this type of assistance even before they become delinquent.
A reminder letter was mailed to all direct loan borrowers in September 2023 to clarify the assistance criteria.
Borrowers may seek a cash flow analysis from FSA using a recent balance sheet and operating plan to determine their eligibility.
Borrowers can submit requests for cash flow-based assistance in person at their local FSA office or by sending in a direct request using the farmers.gov 22006 assistance request portal at farmers.gov/ ira22006cashflow.
All requests for assistance must be received by December 31, 2023. Assistance is subject to funding availability.
For more information, see the steps in the cash flow-based assistance review process.