Another area Hein is focused on is the timely appropriation of funds for FSA guaranteed loans. Current federal appropriations for the program expired Dec. 9, and funding has been exhausted for all non-beginning farmer loan purposes. Farm organizations are lobbying Congress to approve additional funds soon; but in some years, there has been quite a delay, Hein said. Its a bad time of the year for the FSA to lack the funds that they need to help our producers, Hein said. In the meantime, submissions to the loan official site program will continue and could create a backlog before funding is approved, potentially making some lenders more reluctant, he explained. Overall, I think most of our people are going to come through fine. There are some instances where theres a little more stress a few more challenges to work through, Hein said. Doing the math Bill Davis, senior vice president and chief credit officer of Farm Credit Services of America and Frontier Farm Credit, said grain prices have eroded somewhat from early 2016 projections, but in many areas yields beat expectations, especially for soybeans.
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