The Farm Service Agency (FSA) makes loans to youth to establish and operate agricultural income-producing projects in connection with 4-H clubs, FFA and other agricultural groups. Projects must be planned and operated with the help of the organization advisor, produce sufficient income to repay the loan and provide the youth with practical business and educational experience. The maximum loan amount is $5,000.
Youth Loan Eligibility Requirements:
1) Be a citizen of the United States (which includes Puerto Rico, the Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands) or a legal resident alien
2) Be 10 years to 20 years of age
3) Comply with FSA’s general eligibility requirements
4) Conduct a modest income-producing project in a supervised program of work as outlined above
5) Demonstrate capability of planning, managing and operating the project under guidance and assistance from a project advisor. The project supervisor must recommend the youth loan applicant, along with providing adequate supervision.
For more information and help preparing the application forms, contact the farm loan team at the nearest USDA Service Center. To find the nearest office, visit: farmers.gov. Additional information about youth loans can be found at https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/youth-loans/index.
More details at: https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/youth-loans/index