Family Farm

Family Farm

Debt Relief Consolidation for Farm Owners

The US government through government-assisted programs provides debt relief for farm owners by restructuring farm loans/debts including writing off agricultural debts partly or fully. Federal agriculture credit policies are geared towards maintaining the agricultural production sector, characterized mainly by small-scale family farms.

In pursuance of its policies, the US Department of Agriculture through its agency The Farmers Home Administration (FmHA) provides financial assistance to farmers who are unable to obtain commercial loans at reasonable terms and interest rates. The FmHA lends financial assistance to farmers through direct loans and loans guaranteed under the Consolidated Rural Farm and Development Act, in short known as the Con Act.

Direct loans are fully funded by the government and guaranteed loans are given through commercial lenders guaranteed up to 90% by the government. For obtaining a guaranteed loan, the lender must issue a certificate stating that it will not make the loan available to the farmer/farm owner without a guarantee. The interest on FmHA loans is subsidized as the loan is given at rates that are below the cost of borrowing. Commercial lenders are paid by the FmHA for lending money on farm loans at rates below their cost of borrowing.

The government wants to help debt-ridden farmers to stay in the business and so offers various options of debt relief. When a borrower is unable to repay his loan, the FmHA restructures the loan allowing the borrower to repay the loan at a lower rate of interest with an extended repayment schedule. As a last resort, the farmer's debt is written off to the extent of the loan in excess of the value of his collateral. For example, if his farmland, machinery etc pledged as collateral is valued at $200,000 with his outstanding debt standing at $475,000, then the FmHA can write off $275,000. If the farmer is able to show that he can make a profit while repaying the balance $200,000, then the FmHA will help him to stay in business by providing fresh loans.

According to a December 1992 report of the United States General Accounting Office (GAO) of the Comptroller General of the United States, the FmHA portfolio in June 1992 comprised of about $16 billion in direct loans and $4.5 billion in guaranteed loans. The report says that in recent times the FmHA provided approx. $7.6 billion against debt relief for delinquent farm loan borrowers. During the previous three to four years, FmHA payout to commercial lenders was to the tune of some $200,000 as coverage for guaranteed loans. In the same period, it reduced farm debts by about $1.2 billion and wrote off another $1.9 billion under the debt servicing provisions of the Agricultural Credit Act of 1987. Another $4.5 billion were written off to settle direct loan obligations of borrowers who were no longer engaged in farming.

When a farm loan borrower's overall debt burden consists of various other debts like credit card dues, personal loans, home loans along with his farm loan, working with a debt consolidation and credit management company would be the best way to manage his debt situation through a suitable debt consolidation plan. These companies provide excellent debt counseling service and have specialist advisers on their panel who are trained to create suitable debt reduction plans and negotiate with lenders on behalf of the borrower. This way they help to reduce the borrower's monthly payments to bring them within manageable limits by securing smaller installments and lower rates of interest. Regular and timely repayments also help to improve credit ratings.

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Family Farm $49.99 John Pototschnik Family Farm - Giclee Print

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Fun on the Farm $11.95 ">Growing up on a farm is a great way to learn life lessons. Hard work is the norm on the farm, but playtime is wonderful and unique. Children who read this book will come to understand the importance of working together as a team, the consequences of bullying, how to accept delayed gratification, creative problem-solving, how to keep going when the going gets hard, the great results of practicing perseverance, and how get along with family members. An added bonus is the knowledge the reader will acquire of just what actually happens on a farm, including the good, the bad, and the gross. Who knew so much could be learned while having "Fun on the Farm"?>"

Farm Family $32.99 FARM FAMILY, country charm and cheer for your roost. Counted cross stitch kit includes 14-count white Aida cloth, presorted DMC cotton floss, needle, chart and directions. 8" x 10" without mat and frame. Imported from Belgium. A Stitchery exclusive!

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Freedom Farm $11.99 "After getting caught in another lie, Rhonda's parents decide to send her to volunteer at a farm to straighten out her negative attitude. Rhonda questions what faith is, and in the end, grasps onto her own to appreciate the life she had to begin with. This story will make you laugh out loud and touch your heart with age appropriate issues as you read it."

Lessons Learned on the Farm $16.99 "This family memoir is set in rural Michigan, where the family farm supplies the backdrop for hard work, innovation and overcoming tragedy. Filled with nostalgia from the 50s and 60s, enjoy a step back in time when life was simpler and family was celebrated. A two-room country school, a country church, and a mother who was a true partner, all provided the perfect training ground for developing discipline, integrity, work ethic, and love of God. Farm Families represent the best of America. President George W. Bush AUGUST 13, 2001 Lessons Learned on the Farm gives a glimpse into the lives and the great experiences gained on the farm. Anyone interested in rural life and farming will truly enjoy reading it. The lessons in hard work, persistence, honesty, integrity and dependence on God were definitely learned by this family. Sue Van Liew Rosenberger TEACHER AT COURTLAND CENTER SCHOOL, 1958-61 Phyllis Dolislager did an outstanding job describing a farm family in the 50s and 60s. It was a joy to read. She did an excellent job of illustrating the values and love enjoyed in growing up on a farm. Reading this book makes one realize how farming has changed in the last 50 years. She paid a wonderful tribute to her dad with this book. He had high respect for his family, friends and neighbors and showed it by serving as supervisor of our local township. Jim McIntyre SUPERVISOR, COURTLAND TOWNSHIP, ROCKFORD, MICHIGAN Anyone wanting to know what life was like on a farm will enjoy this book. It brings back memories of life before cable TV, computers, and expressways. Lessons Learned on the Farm shows how a family worked together to improve their farm and way of life. Art Rosenberger MILK TESTER, DAIRY HERD IMPROVEMENT ASSOCIATION, 1947-1965 EXTENSION SERVICES OF MICHIGAN STATE UNIVERSITY Phyllis Porter Dolislager formerly served as adjunct writing instructor at Nova Southeastern University. She is a member of the National League of American Pen Women. With her family she spent two years doing missionary work in Liberia, W. Africa. Phyllis is an inspirational speaker and works out of her home as a writing consultant. She and her husband, Ron, Finance Director of World Mission Centre, live in Tennessee and Florida."

Little Farm Down the Lane $11.99 "Bonnie's idyllic life on the farm is threatened when her mother announces she wants to move. Trusting God will not allow this to happen, Bonnie goes merrily on her way. Then, without warning, the owner of the farm asks her family to leave Shocked and angry, Bonnie becomes bitter toward God. How could He possibly answer "no" to her fervent, believing prayers?"Little Farm" books illustrate the joys and trials of growing up on a farm during the 1950s while presenting Christian values in an uplifting and entertaining format. As the heartwarming story unfolds in this eight-book series, Bonnie continues to grow in her knowledge of God. (Book VII will be more fully enjoyed if Books I through VI are read first.)Book I - "A Little Family Moves In"Book II - "Trouble, Mischief, and Adventure"Book III - "The Fire"Book IV - "Fluffy"Book V - "Stealing from God"Book VI - "The Hurricane""Every child should have the chance to live on a farm," asserts Bonnie Siegrist. "It's magical." She spent her own childhood on a farm in Lancaster County, Pennsylvania. When her granddaughter asked her to write down her memories, after a visit to the old farm, she knew God was calling her to put her stories into print.She and her husband, Ken, reside in St. Petersburg, Florida, near their son and daughter and seven grandchildren. Bonnie divides her time between writing the Little Farm series and speaking on her favorite topics: parenting, grandparenting, and writing. She and her husband visit schools, presenting Christian values while entertaining with puppets and skits.Before its publication, her first book in the Little Farm series won the Florida Writers Association's "Best Unpublished Children's Book Award." Xulon Press awarded her the 2004 Best New Christian Author Award."

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