Anyone who has had the experience of suffering a loss on a guaranteed loan knows that one of the most unique quirks about the USDA's Farm Service Agency (FSA) program is that FSA does not pay a loss claim until the originating bank liquidates all of the pledged assets of the borrower, accounts for all proceeds and reports, in detail, to the local FSA office. According to a recent survey, 8 or 10 lenders thought their claims were settled satisfactorily, with slightly less than 3 of 4 lenders recovering what they expected from FSA. The fairly high satisfaction rate of lenders was a good indication that the guaranteed loan programs are working well.