WebFeb 10, 2024 · Your first step should be to contact your USDA Service Center and make an appointment. Be sure to ask what documents you’ll need. Also consider -- what is your vision for your land and farm? What are your challenges? If you need information in a language other than English, we can offer free translation services. Farmer Coordinators WebDec 20, 2024 · 1. Small amounts. Microloans are called “micro” for a reason. The loan amounts are relatively small, compared to other loan types, with the average microloan being around $13,000. 2. Higher interest rates. Some microlenders may charge higher interest rates than traditional financial institutions because they're taking a higher risk.
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