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USDA/FSA RIN: 0560-AI25 Publication ID: Fall 2014 
Title: ●Farm Loan Programs, Entity Eligibility Changes 
Abstract:

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.

 
Agency: Department of Agriculture(USDA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 761    7 CFR 762    7 CFR 763    7 CFR 764   
Legal Authority: 7 USC 1922    7 USC 1924    7 USC 1934    7 USC 1941 to 1943    7 USC 1946    7 USC 1961    7 USC 1991   
Legal Deadline:  None
Timetable:
Action Date FR Cite
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 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
Public Comment URL: regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Deirdre Holder
Branch Chief, Regulatory Analysis and PRA Requirements Branch
Department of Agriculture
Farm Production and Conservation Business Center, 1400 Independence Avenue SW,
Washington, DC 20250-0572
Phone:202 205-5851
Email: deirdre.holder@usda.gov