Farm Loan Paperwork Gets a New Automated Platform
Published Date: 11/6/2026
Notice
Summary
The Department of Agriculture is updating how it collects info for farm loan guarantees by adding automated data collection through the ProsperUS Platform. This change affects farmers and ranchers applying for or managing guaranteed loans and aims to make the process smoother without extra hassle. Comments on this update are open until December 7, 2026, so folks can share their thoughts before it goes live.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Automated Loan Data via ProsperUS
The USDA Farm Service Agency will add automated data collection through the ProsperUS Platform for its Guaranteed Farm Loan program (OMB Control Number 0560-0155). This change affects farmers and ranchers applying for or managing guaranteed farm operating and ownership loans — the agency lists 5,072 respondents and estimates a total annual respondent burden of 125,311 hours. The agency says the automated collection is intended to make the application and servicing process smoother and reduce hassle; comments are open through December 7, 2026.
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