Minnesota farmers can take advantage of COVID relief funds to help restructure debt.
The Legislature has appropriated $175,000 in COVID-19 relief toward a grant program that covers 50 percent of loan guarantee fees on FSA loans.
Loan fees are 1.5 percent of the loan value, and average $3,000 to $5,000 in total.
To be eligible, farmers must have closed on an FSA restructure loan between May 28th and November 9th of this year.
