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Farmers Home Administration (FmHA), an agency of the U.S. Department of Agriculture, got its name from its original mission as a farm loan agency in the 1930’s and 40’s. However, as the makeup of the rural population shifted, the work of the Fanners Home Administration changed. FmHA has now become a rural, community development institution, serving a much wider variety of purposes than its name implies.
Moat loan authorities conferred on FmHA are intended to serve rural people and communities of greatest need who cannot get credit elsewhere at affordable terms. Farm loan authorities emphasise assistance to the family-size firm or ranch operated for purposes of making a family living as well as disaster assistance to a broader group of farmers. Most home programs are for families of low and moderate income.
One of the basic concepts of the Agency from its early development was to provide a program of supervised credit for its bonowers with technical counseling on better management of farm and home financing methods.
Raie M. Godsey, State Director for the Fanners Home Administration
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