The U.S. Department of Agriculture announced today (Monday) most farm loan borrowers will be able to make payments to their direct loans online 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.
Farm loan payments can now be made at the borrower’s convenience, on their schedule and outside of FSA office hours.
On average, local USDA Service Centers process more than 225,000 farm loan payments each year.
The online payments can be made through the Pay My Loan feature here.
