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Farmers, Ranchers Now Can Make USDA Farm Loan Payments Online

WASHINGTON – The U.S. Department of Agriculture (USDA) announced today that most farm loan borrowers can pay their direct loans online through the Pay My Loan feature on in early February. Pay My Loan is part of a broader effort by USDA’s Farm Service Agency (FSA) to streamline its processes, especially for producers who may have limited time during the planting or harvest seasons to visit a local FSA office; modernize and improve customer service; provide additional customer self-service tools; and expand credit access to assist more producers.

“Farmers and ranchers have responded to some difficult challenges over the last few years, and their time is a precious commodity,” said Agriculture Deputy Secretary Xochitl 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. The online payment feature is just one of many ways the Farm Service Agency modernizes its Farm Loan Programs and enhances the customer experience for this incredibly hardworking group.”

On average, local USDA Service Centers process more than 225,000 farm loan payments each year. Pay My Loan gives most borrowers an online repayment option and relieves them from needing to call, mail, or visit a Service Center to pay their loan installment. You can now make farm loan payments at the borrower’s convenience, on their schedule, and outside FSA office hours.

Pay My Loan also saves FSA’s farm loan employees time by minimizing manual payment processing activities. This new service for producers means that farm loan employees will have more time to focus on reviewing and processing new loans or servicing requests.

You can access the Pay My Loan feature at Producers must establish a USDA customer account and a USDA Level 2 eAuthentication (“eAuth”) account or a account to use the payment feature. This initial release only allows individuals with loans to make online payments. For now, borrowers with jointly payable checks must continue to make loan payments through their local office.

News Release

  • Farm Production and Conservation FSA | NRCS | RMA | Business Center
    FSA has a significant initiative underway to streamline and automate the Farm Loan Program customer-facing business process. For the over 26,000 producers who submit a direct loan application annually, FSA has made various improvements, including:
  • The Online Loan Application is an interactive, guided application that is paperless and provides helpful features, including an electronic signature option and the ability to attach supporting documents such as tax returns, complete a balance sheet, and build a farm operating plan.
  • The Loan Assistance Tool provides customers with an interactive online, step-by-step guide to identifying the direct loan products that may fit their business needs and understanding the application process.
  • A simplified direct loan paper application reduced loan applications by more than half, from 29 pages to 13 pages.