(NAFB.com) – The USDA launched a new Debt Consolidation Tool that allows U.S. agricultural producers to enter their farm operating debt and evaluate the potential savings that might come from debt consolidation. That consolidation could come from either a local lender or the Farm Service Agency. “Providing producers with options to structure their debt in a manner that affords them every opportunity to meet the goals of their agricultural operations is the best way to ensure the nation’s farmers and ranchers build financial equity and resilience,” says FSA Administrator Zach Ducheneaux. By combining multiple eligible debts into a single, larger loan, farmers may get more favorable payment terms like lower interest rates or lower payments. The tool can help farmers achieve financial viability by helping them identify potential savings that could be reinvested in their operations, retirement accounts, or college savings accounts. Producers can access the tool at farmers.gov.