From the report summary: "The federal government provides credit assistance to farmers to help assure adequate and reliable lending in rural areas, particularly for farmers who cannot obtain loans elsewhere. Federal farm loan programs also target credit to beginning farmers and socially-disadvantaged groups. [...] Generally speaking, the farm sector's balance sheet has remained strong in recent years. While delinquency rates on farm loans increased from 2008 into 2010, farmers and agricultural lenders did not face credit problems as severe as those of other economic sectors. Since 2010, loan repayment rates have improved. But appropriations for the FSA [Farm Service Agency] loan program--and the ability of FSA to meet demand for its loans and guarantees--have been constrained during an era of tight federal budgets."
CRS Report for Congress, RS21977
National Agricultural Law Center: http:nationalaglawcenter.org/