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FSA describes lending, emergency loans and disaster payouts in Vermont
Summary
State FSA director Wendy Wilton told lawmakers FSA is a "lender of first opportunity," with about $112 million in loans statewide (roughly $45M direct, $66M guaranteed), a delinquency rate of ~2.2%, and emergency/disaster programs that have delivered millions to Vermont producers.
Wendy Wilton, State Executive Director of the USDA Farm Service Agency in Vermont, summarized FSA lending activity and disaster assistance in a legislative briefing. "We still have a pretty good caseload. And currently, we have about a $112,000,000 in loans," Wilton said, and she clarified that the portfolio includes both direct loans and guaranteed loans.
Wilton explained the split: about $45 million in direct loans and $66 million in guaranteed loans, with…
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