What is the maximum term for a Direct Farm Ownership loan?

The maximum term for a Direct Farm Ownership loan is 40 years. This extended repayment period allows borrowers the flexibility to manage their loan payments over a longer duration, which can be particularly beneficial for farmers working with significant capital investments in land and equipment.

Such a lengthy term can help reduce the monthly payment burden, providing farmers more time to stabilize their operations and generate income to meet their obligations. The structure of these loans is designed to support the agricultural sector by making it feasible for farmers to invest in their businesses without overwhelming financial strain.