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USDA/FSA

RIN: 0560-AI44

Publication ID: Spring 2021

Title: Heirs' Property Relending Program, Improving Program Delivery for Farm Loans, and Streamline and Consolidate Value-Added Oversight of Farm Loan Programs
Abstract: The Farm Service Agency (FSA) will implement a regulation for a new relending program, authorized by changes that the Agriculture Improvement Act of 2018 (2018 Farm Bill) made to the Consolidated Farm and Rural Development Act. The relending program will provide revolving loan funds to eligible intermediary lenders to resolve ownership and succession on farmland with multiple owners. The lenders will give loans to qualified individuals to resolve these ownership issues. The intermediary lenders will consolidate and coordinate the ownerships of the land-ownership interests. In addition, the Deputy Administrator for Farm Loan Programs is modifying multiple modifications of 7 CFR 761, 762, and 764 to improve program delivery and processing timeframes. Enhancements are minor in nature with minimal impact to the public. FSA will also be streamlining program delivery and oversight of Farm Loan Programs.
Agency: Department of Agriculture(USDA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 7 CFR 761 7 CFR 768 7 CFR 769
Legal Authority: Pub. L. 115-334 7 U.S.C. 1921–2009dd–7

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Final Rule	05/00/2021

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 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