The USDA’s top farm loan program officer says he’s been pleasantly surprised by how farmers have held up financially in tough times. Acting Deputy Administrator for farm loan programs Bill Cobb says, “The Guarantee Program, in fiscal year 2017, our numbers & total obligations were actually a little below the previous year. We’ve also seen that our delinquency rates on the direct loans are actually a little lower than last year as well.”
Cobb tells Brownfield the agency has seen more activity in one program.
