FSA Guaranteed Farm Loan Programs
嚜澹SA Guaranteed
Farm Loan Programs
TIDBITS/HELPFUL HINTS
November 2015
Lender Meetings
State Office Staff
Dan Gieseke
Farm Loan Chief
Email = daniel.gieseke@mo.
Sandra Waibel
State Farm Loan Specialist
Email = sandra.waibel@mo.
Janet Bollinger
State Farm Loan Specialist
Email =
Lorna Plowman
State Farm Loan Program Technician
Email =
601 Business Loop 70 W
Parkade Center, Suite 225
Columbia, MO 65203
Telephone (573) 876-0980
Fax (855) 830-0682
INDEX
Subject
Page #
0B
1.
Why Should USDA*s Farm Service Agency Be Your Lender of First Opportunity? ########.. 1-2
2.
MO State Fact Sheet 每 FSA Guaranteed Farm Loan Programs ################# 3-4
3.
Direct Loan Information Sheet ##########################################.
4.
Missouri Agricultural and Small Business Development Authority (MASBDA) Fact Sheet ######## 6
5.
MO FSA Guaranteed Lender Website ######################################. 7
6.
Average County Farm Acreage 每 Missouri ###################################. 8
7.
Weekly Funds Report ###############################################. 9
8.
Email or Faxed Applications ############################################. 10
Appeal Rights 每 Guaranteed Loans
Lender Conflict of Interest
Guaranteed Forms
9.
FSA-2211: CLP & SEL Guaranteed Application #################.#############. 11-15
5
10. FSA-2212: PLP Guaranteed Application ##################################.. 16-17
11. 2-FLP Exhibit 5 Electronic Access ######################################## 18-20
12. Guar Loan vs. Direct Loan Comparison ##################################### 21
13. Direct Loan Subordination or Guaranteed Loan? ################################ 22
14. Subordination of Direct Loan Security 每 2-FLP Requirements, par.279 #############.. 23
15. Loan Narrative Requirements ##########################################. 24-25
16. Definitions: Beginning Farmer, SDA, Embedded Entity, Entity, & Family Farm ############# 26-27
17. Full Legal Name 每 Loan Limits - Loan Guarantee % #####################. 28
18. Guar 1.5% Loan Fees ###############################################.. 29
19. MO Linked Deposit Program-Beginning Farm Loans #############################. 30
20. 1.5% Fee Paid by Lender #############################################.. 31
21. Maximum Interest Rates & Minimum Lender Requirements #######################... 32-33
22. Environmental Requirements ############################################# 34-35
23. Livestock Environmental Evaluation & NMP Screening Table ######################## 36
24. Nutrient Management Plan (NMP) Requirements ################################ 37
25. MO DNR CAFO Requirements ##########################################. 38
26. CAFO County/Local Restrictions & Zoning Ordinances ############################ 39
27. EPA CAFO Inspection Tips ############################################. 40
28. Floodplain Position Paper ############################################.. 41-42
29. OL/LN Term Loan Purposes ###########################################. 43
FO/LN Term Loan Purposes
30. OL/LOC Loan Purposes ##############################################. 44
31. Loan Terms 每 Determined by Loan Type & Security #####################.. 45
Open Accounts/Non-Disturbance Agreements
32. Documentation of Cash Flow Feasibility #####################################.. 46
33. Determining Financial Feasibility of Loans 每 2-FLP Par.151 #################... 47-49
34. Loan Agreement ##################################################. 50-52
35. Existing Promissory Notes 每 Allonge #######################################. 53
36. Secondary Market Allonge 每 Promissory Note Signature Requirements #############... 54
37. Pre-Nuptial Requirements #############################################.. 55
38. Guaranteed Loan Request to Refinance Existing Guaranteed Loans ####################.. 56
39. Bridge Loan & Counterparty Risk ######################################## 57
40. Amish/ Mennonite Insurance Requirements ###################################. 58
Request for Notice of Sale
41. Utilizing FSA*s Direct and/or Guaranteed Loan Programs to Purchase Farm at Public Auction ###.. 59
Federal and State Income Tax Forms
42. Amount of Security in Today*s Volatile Market #######################. 60
43. Amount and Quality of Security - ※Adequate§ ######################## 61
44. Amount and Quality of Security - ※Lien Position§ ######################... 62
45. Separate & Identifiable Security ########################################## 63
Financing Livestock
Financing Machinery
46. Chattel Security Requirements ##########################################.. 64
Transfer of Ownership Assets
When Legal Ownership/Title Could be Questioned
Leased Equipment
47. UCC1 MO Secretary of State ###########################################.. 65
48. Secretary of State and County Lien Searches ##################################. 66
49. FSA-2232 Conditional Commitment #######################################. 67-70
50. FSA-2201 Lender*s Agreement #############################... 71-76
51. FSA-2235 Loan Guarantee ############################################.. 77-78
52. FSA-2233 Lender Certification ##########################################.. 79
53. Using the Appraisal to Determine the Useful Life of Security ######################### 80
Depreciation Can Affect Repayment Capacity
54. Poultry Mitigation ################################################.. 81-84
55. Selling Guaranteed Loans on the Secondary Market #############################. 85-86
56. Famer Mac II, Return On Assets (ROA) Calculator ##############################. 87
57. OL/LOC Annual Operating Loan Renewal Requirements ##########################... 88
58. OL/LOC Beginning of Year Balance ####################################### 89
59. OL/LOC Loan Advances for Term Debt Payments ############################### 90
Two Months Before the End of the Year & At the Beginning of Cash Flow Year
60. OL/LOC Annual Operating Loan Servicing Suggestions/Recommendations ################# 91
61. Maximum OL/LOC Loan Advance & Farm Income Release Worksheet: MO 2-FLP Guide 35 ##### 92
62. Family Living Reconciliation Table: MO 2-FLP Guide 15 ########################### 93
63. Annual Financial Analysis by Lender ####################################### 94
64. General Loan Servicing Responsibilities ####################################. 95-96
65. Lender*s Loan Analysis Documentation: MO 2-FLP Guide 21 ################. 97-98
66. Guaranteed Loan Servicing Approval Authorities Reserved for State Office ################. 99
67. Emergency Advances ################################################ 100
Additional Loans
Unauthorized Payments
Payment Priority
68. Partial Releases 每 With & Without FSA Concurrence ####################. 101-102
69. Subordination of Guaranteed Loan Security ###################################103
70. Release of Liability Upon Withdrawal ###################################### 104
71. Servicing Distressed Accounts - Delinquent Loans ############################### 105
72. Delinquent Loan Servicing Time Line (SEL & CLP): MO 2-FLP Guide 2 ################# 106
73. Rescheduling, Reamortization, Consolidation & Deferral Checklist: MO 2-FLP Guide 16 ######.. 107-111
74. Lender Liquidation Plan: MO 2-FLP Guide 28 ############################### 112-113
75. Loss Claim Checklist: MO 2-FLP Guide 29 ################################# 114-115
76. Net Recovery Value Calculation Worksheet (2-FLP Handbook Exhibit 10) ################.. 116
77. Bankruptcy Servicing ############################################### 117-118
78. Offset 每 Loss Claim Recovery 每 FSA Guaranteed Loans Reported to Credit Bureau ######## 119
79. What*s in the 2014 Farm Bill for FSA Customers? #####################. 120-124
80. RD- Value Added Producer Grants #######################################. 125
81. RD 每 Renewable Energy & Energy Efficiency Grants #################### 126-127
82. Quick Reference to SBA Loan Guaranty Programs #############################. 128-129
83. List of FSA Farm Loan Managers/Farm Loan Officers/Program Technicians ############## 130-131
84. 2016 FSA Crop & Livestock Commodity Prices ################################.. 132
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