The information below has been supplied by dairy marketers and other industry organizations. It has not been edited, verified or endorsed by Hoard’s Dairyman.
The Farm Credit Administration is encouraging Farm Credit System (System) institutions to work with System borrowers who have been affected by Hurricane Florence. System institutions can alleviate the stress of borrowers affected by natural disasters in several ways:
- Extending the terms of loan repayments
- Restructuring borrowers’ debt obligations
- Easing some loan documentation or credit-extension terms for new loans to certain borrowers