Suspension of Collection of Recapture Amount for Borrowers With Certain Shared Appreciation Agreements
farm-program · Farm Service Agency · Rule · Published 1999-04-23 · Effective 1999-04-23 · 64 FR 19863
Document
Document number
99-10258
Federal Register citation
64 FR 19863
CFR reference
7 CFR 1951
Type
Rule
Action
Interim rule.
Category
farm-program
Sub-agency
Farm Service Agency
Publication date
1999-04-23
Effective date
1999-04-23
Abstract
The Farm Service Agency (FSA) is amending the shared appreciation agreement requirements to allow certain Farm Loan Program (FLP) borrowers with such agreements that end prior to December 31, 2000, to have the obligation to pay all or part of the recapture amount due under the agreement suspended for up to 3 years. This rule will allow those borrowers to suspend their obligation to pay the recapture amount to give them time to recover from the current situation of depressed commodity prices.