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- Farm_ownership_loans 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.".
- Farm_ownership_loans wikiPageID "23829908".
- Farm_ownership_loans wikiPageLength "1452".
- Farm_ownership_loans wikiPageOutDegree "4".
- Farm_ownership_loans wikiPageRevisionID "313767550".
- Farm_ownership_loans wikiPageWikiLink Category:United_States_Department_of_Agriculture.
- Farm_ownership_loans wikiPageWikiLink Consolidated_Farm_and_Rural_Development_Act_of_1972.
- Farm_ownership_loans wikiPageWikiLink Farm_Service_Agency.
- Farm_ownership_loans wikiPageWikiLink United_States_Department_of_Agriculture.
- Farm_ownership_loans wikiPageWikiLinkText "farm ownership loans".
- Farm_ownership_loans article "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition".
- Farm_ownership_loans author "Jasper Womach".
- Farm_ownership_loans url "http://ncseonline.org/nle/crsreports/05jun/97-905.pdf".
- Farm_ownership_loans wikiPageUsesTemplate Template:CRS.
- Farm_ownership_loans subject Category:United_States_Department_of_Agriculture.
- Farm_ownership_loans type Ministry.
- Farm_ownership_loans type Source.
- Farm_ownership_loans 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.One of the functions of the FO loan program is to assist farmers, especially beginning farmers, in the purchase and enlargement of farms.".
- Farm_ownership_loans label "Farm ownership loans".
- Farm_ownership_loans sameAs Q5435561.
- Farm_ownership_loans sameAs m.06_xp2f.
- Farm_ownership_loans sameAs Q5435561.
- Farm_ownership_loans wasDerivedFrom Farm_ownership_loans?oldid=313767550.
- Farm_ownership_loans isPrimaryTopicOf Farm_ownership_loans.