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USDA/FSA RIN: 0560-AI33 Publication ID: Fall 2016 
Title: Direct Farm Ownership Loan (FO) Microloan (ML) Program 
Abstract:

In January, 2016, FSA implemented a Direct Farm Ownership Microloan that will provide Farm Ownership loans of up to $50,000 that are expected to most benefit beginning farmers and farmers with small farms that have less traditional farm operations, and specialty crop producers seeking to purchase or enlarge relatively smaller plots of land, who are not typically FSA customers. The final rulemaking publication for this initiative will clarify the Direct Microloans, for borrowers with microloans for both operating loans and farm ownership loans.

 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 7 CFR 761    7 CFR 764   
Legal Authority: 7 U.S.C. 1946    5 U.S.C. 301    7 U.S.C. 1989    7 U.S.C. 1998   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Rule  01/21/2016  81 FR 3289   
Final Rule Effective  01/21/2016 
Correction  02/29/2016  81 FR 10063   
Final Rule Comment Period End  04/20/2016 
Final Action  11/00/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Deirdre Holder
Team Lead, Regulatory Analysis and Paperwork Requirements Team
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