farm-program · Farm Service Agency · Rule · Published 2011-09-20 · Effective 2011-10-01 · 76 FR 58089
Document
Document number
2011-23724
Federal Register citation
76 FR 58089
CFR reference
7 CFR 762
Type
Rule
Action
Interim rule.
Category
farm-program
Sub-agency
Farm Service Agency
Publication date
2011-09-20
Effective date
2011-10-01
Abstract
The Farm Service Agency (FSA) is amending the regulations for guaranteed loans to change the amount charged and collected in order for FSA to provide a guarantee. Except in certain limited cases, FSA currently charges a fee of 1 percent (1%) of the guaranteed amount on all guaranteed loans. The rule change is necessary for FSA to be able to offset the cost of the guaranteed loan program to maintain program funding to farmers and ranchers. Specifically, FSA is changing the current guaranteed loan fee from 1 percent to 1.5 percent.