What Is the Farmers Home Administration?


Quick Answer

The Farmers Home Administration, or the FmHA, was a U.S. government agency established in 1946 to replace the Farm Security Administration. This program offered guaranteed credit to low-income families, farmers and senior citizens living in rural areas of the country, and it later provided credit for non-farm purposes.

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What Is the Farmers Home Administration?
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Full Answer

The most recent iteration of the Farmers Home Administration is the Rural Economic and Community Development Service, or USDA Rural Development program. This program offers services for businesses, communities and nonprofit organizations, and individuals. Lender services are available with this program, along with opportunities for tribal concerns and utility providers.

For businesses, the Rural Economic and Community Development Service offers guaranteed loans, a variety of grants and energy development incentives. Communities and nonprofit organizations benefit from a variety of grant programs, multifamily direct housing loans, guaranteed loans and loans and grants that provide utilities in rural areas.

Individuals can apply to this program to receive direct loans for housing, grants for well systems and biofuel refineries, renewable energy and energy efficiency grants and value-added producer grants. Tribal programs include college initiative grants, telemedicine and distance learning grants, and grants and loan guarantees designed to improve living conditions for residents in tribal areas.

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