USDA launches e-loan payment service for farmers

The Agriculture Department has launched an Electronic Loan Deficiency Payment service to let farmers and ranchers request loan deficiency payments online and receive them automatically in their bank accounts, eliminating the need to travel to a USDA service center.

Marketing assistance loans and loan deficiency e-payments are available for producers of barley, canola, corn, rapeseed, soybeans, wool, mohair and many other commodities. When local market prices are less than the marketing assistance loan rate, producers can choose to receive loan deficiency payments for their crops in lieu of marketing assistance loans.

Eligible producers must have an active Agriculture eAuthentication Level 2 account, which requires filling out a registration form at www.sc.egov.usda.gov and visiting a USDA service center to verify identity.

The online payments vehicle launched this week is one of several e-government features Agriculture has rolled out this year. The Customer Statement lets farmers view their contracts in various conservation programs, commodity program payments, and information about loans and crop insurance. Agriculture will shortly make available a customized version, MyUSDA.gov.


About the Author

Connect with the GCN staff on Twitter @GCNtech.

Featured

  • Telecommunications
    Stock photo ID: 658810513 By asharkyu

    GSA extends EIS deadline to 2023

    Agencies are getting up to three more years on existing telecom contracts before having to shift to the $50 billion Enterprise Infrastructure Solutions vehicle.

  • Workforce
    Shutterstock image ID: 569172169 By Zenzen

    OMB looks to retrain feds to fill cyber needs

    The federal government is taking steps to fill high-demand, skills-gap positions in tech by retraining employees already working within agencies without a cyber or IT background.

  • Acquisition
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA to consolidate multiple award schedules

    The General Services Administration plans to consolidate dozens of its buying schedules across product areas including IT and services to reduce duplication.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.