|View EO 12866 Meetings||Printer-Friendly Version Download RIN Data in XML|
|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|
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|
|Regulatory Flexibility Analysis Required: No||Government Levels Affected: None|
|Included in the Regulatory Plan: No|
|RIN Data Printed in the FR: No|
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