0560-AI25 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 0560 Farm Service Agency FSA 0500 Department of Agriculture USDA Farm Loan Programs, Entity Eligibility Changes

As required by the 2014 Farm Bill, the Farm Service Agency (FSA) is revising the regulations on the eligibility requirements to allow entities to participate in the Farm Loan Programs (FLP). FSA is expanding FLP eligibility conditions for legal entities, and allowing farming operations that previously were ineligible to qualify for loans. FSA is providing additional flexibility for loan applicants to meet the required three years of farming experience before purchasing real estate through FSA's direct Farm Ownership (FO) Program. FSA is also increasing the maximum initial and total indebtedness on Microloans (ML) from $35,000 to $50,000.

]]> Other Significant First Time Published in The Unified Agenda Final Rule Stage No No 7 CFR 761 7 CFR 762 7 CFR 763 7 CFR 764 7 USC 1922 7 USC 1924 7 USC 1934 7 USC 1941 to 1943 7 USC 1946 7 USC 1961 7 USC 1991 No Interim Final Rule 10/08/2014 79 FR 60739 Interim Final Rule Effective 11/07/2014 Interim Final Rule Comment Period End 12/08/2014 No Businesses None No No regulations.gov No No Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch 0500 Department of Agriculture USDA 202 205-5851 deirdre.holder@usda.gov Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington DC 20250-0572