About: Farm ownership loans

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The Consolidated Farm and Rural Development Act (P.L. 92-419, Subtitle A, as amended, 7 U.S.C. 1922-1925), authorizes the Farm Service Agency (formerly FmHA) to make direct and guaranteed farm ownership loans to eligible family farmers.

Attributes	Values
rdfs:label	Farm ownership loans (en)
rdfs:comment	The Consolidated Farm and Rural Development Act (P.L. 92-419, Subtitle A, as amended, 7 U.S.C. 1922-1925), authorizes the Farm Service Agency (formerly FmHA) to make direct and guaranteed farm ownership loans to eligible family farmers. (en)
dcterms:subject	United States Department of Agriculture
Wikipage page ID	23829908 (xsd:integer)
Wikipage revision ID	757296939 (xsd:integer)
Link from a Wikipage to another Wikipage	USDA United States Department of Agriculture Farm Service Agency Consolidated Farm and Rural Development Act
Link from a Wikipage to an external page	https://web.archive.org/web/20110810044532/http:/ncseonline.org/nle/crsreports/05jun/97-905.pdf%7Cauthor=
sameAs	Farm ownership loans Farm ownership loans Farm ownership loans
dbp:wikiPageUsesTemplate	dbt:CRS
article	Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (en)
url	https://web.archive.org/web/20110810044532/http://ncseonline.org/nle/crsreports/05jun/97-905.pdf\|author= Jasper Womach (en)
has abstract	The Consolidated Farm and Rural Development Act (P.L. 92-419, Subtitle A, as amended, 7 U.S.C. 1922-1925), authorizes the Farm Service Agency (formerly FmHA) to make direct and guaranteed farm ownership loans to eligible family farmers. One of the functions of the FO loan program is to assist farmers, especially beginning farmers, in the purchase and enlargement of farms. An eligible borrower must be unable to obtain sufficient credit from a commercial lender, but must assure reasonable prospects of success in the farm operation. Loans are made for up to 40 years. The interest rate is determined by USDA, and cannot exceed the cost of funds to the Government plus 1 percentage point. However, direct loans to limited resource borrowers can be made at significantly below the federal cost of funds. The interest rate on guaranteed loans is negotiated between the borrower and the lender. USDA guarantees the timely repayment of 90% of principal and interest on guaranteed loans, and in some cases can subsidize the interest rate on these loans. The amount USDA can directly lend or guarantee each year is determined in the annual congressional appropriations process. (en)
prov:wasDerivedFrom	wikipedia-en:Farm_ownership_loans?oldid=757296939&ns=0
page length (characters) of wiki page	1495 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Farm_ownership_loans
is Link from a Wikipage to another Wikipage of	Consolidated Farm and Rural Development Act of 1972
is foaf:primaryTopic of	wikipedia-en:Farm_ownership_loans

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