# Direct Farm Ownership Microloan
> **Farm Service Agency** · Final rule. · Published 2016-01-21 · Effective 2016-01-21 · 81 FR 3289
## Document
- **Document number:** 2016-01038
- **Category:** farm-program
- **Sub-agency:** Farm Service Agency
- **Federal Register citation:** 81 FR 3289
- **CFR reference:** 7 CFR 761
- **Publication date:** 2016-01-21
- **Effective date:** 2016-01-21
## Abstract

The Farm Service Agency (FSA) is adding Direct Farm Ownership Microloan (DFOML) to the existing Direct Loan Program. The revisions to the Direct Loan Program regulations consist of application, eligibility, repayment terms, and security requirements to better serve the unique operating needs of small family farm operations. The existing Microloans (ML) in the Direct Loan Program already include MLs for operating loans (OL). DFOML is expected to make farm ownership loans (FOs) available and more attractive to small operators through reduced application requirements, more timely application processing, and added flexibility for Youth Loan (YL) borrowers in meeting the farm experience eligibility requirement.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2016/01/21/2016-01038/direct-farm-ownership-microloan)
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