Farm credit (1 - 10 of 73 items)
Beginning Farmers: Additional Steps Needed to Demonstrate the Effectiveness of USDA Assistance
GAO-07-1130: Published: Sep 18, 2007. Publicly Released: Oct 18, 2007.
U.S. Department of Agriculture (USDA) programs have long supported beginning farmers. USDA generally defines a beginning farmer or rancher as one who has operated a farm or ranch for 10 years or less--without regard for age--and who materially and substantially participates in its operation. USDA's Farm Service Agency (FSA) makes and guarantees loans for farmers who cannot obtain commercial credit...
Farm Loan Programs: GAO Reports on USDA Lending Practices
GAO-06-912R: Published: Jun 28, 2006. Publicly Released: Jun 28, 2006.
This report responds to a Congressional request for information relating to a June 13, 2006 Congressional hearing on the U.S. Department of Agriculture's (USDA) farm loan programs. In particular, the May 16, 2006 letter requested that we summarize our findings from the 1990s through 2002 on USDA's farm loan programs. Congress also requested that we provide any GAO opinions on the current managemen...
Financial Condition of American Agriculture
RCED-86-9: Published: Oct 10, 1985. Publicly Released: Jul 2, 2002.
GAO reviewed the financial condition of American agriculture to assess: (1) the trends in the economic environment surrounding the farm sector; (2) farmers' financial condition; and (3) the performance of financial institutions serving agriculture.GAO found that: (1) the financial condition of farmers has deteriorated rapidly since 1980; (2) the most severe financial problems are occurring in the...
Farm Credit Administration: Oversight of Special Mission to Serve Young, Beginning, and Small Farmers Needs to Be Improved
GAO-02-304: Published: Mar 8, 2002. Publicly Released: Mar 8, 2002.
GAO reviewed the Farm Credit Administration's (FCA) regulation of the Farm Credit System (System) to ensure compliance with its statutory mission to serve young, beginning, and small farmers (YBS). FCA has issued YBS-related policies and guidance, designed and implemented a YBS examination protocol, and examined institutions for compliance with YBS requirements. However, FCA has not promulgated re...
Farm Programs: Changes to the Marketing Assistance Loan Program Have Had Little Impact on Payments
GAO-01-964: Published: Sep 28, 2001. Publicly Released: Nov 5, 2001.
Under the Department of Agriculture's (USDA) Marketing Assistance Loan Program, the federal government accepts harvested crops as collateral for interest-bearing loans (marketing assistance loans) that are typically due in nine months. When market prices drop below the loan rate (the loan price per pound or bushel), the government allows farmers to repay the loan at a lower rate and retain ownersh...
Farm Loan Programs: Improvements in the Loan Portfolio but Continued Monitoring Needed
GAO-01-732T: Published: May 16, 2001. Publicly Released: May 16, 2001.
This testimony discusses the Department of Agriculture's (USDA) farm loan programs, which are run by the Farm Service Agency (FSA). GAO (1) provides an overview of the financial condition of FSA's farm loan portfolio as of September 30, 2000 and (2) explains its decision to remove the farm programs from its high-risk list. GAO found that FSA had more than $16.6 billion in outstanding farm loans as...
Farm Service Agency: Updated Status of the Multibillion-Dollar Farm Loan Portfolio
GAO-01-202: Published: Jan 10, 2001. Publicly Released: Jan 10, 2001.
The Farm Service Agency (FSA) within the Department of Agriculture provides financial assistance to farmers and ranchers who are unable to obtain commercial credit at reasonable rates and terms. FSA provides direct government-funded loans and repayment guarantees on farm loans made by commercial lenders. During the 1990s, GAO issued a series of reports highlighting the substantial financial risk a...
Farm Service Agency: Information on Farm Loans and Losses
RCED-99-18: Published: Nov 27, 1998. Publicly Released: Dec 30, 1998.
Pursuant to a congressional request, GAO provided information on selected Farm Service Agency (FSA) farm loans, focusing on: (1) the financial condition of FSA's active direct farm loan portfolio at the end of fiscal years (FY) 1995 through 1997; (2) the amount and number of losses incurred by FSA on direct farm loans from FY 1989 through FY 1997; and (3) new farm operating loans that FSA has made...
Food and Agriculture Issue Area Plan, Fiscal Years 1997-99: 1999 Update
IAP-98-12: Published: Jun 1, 1998. Publicly Released: Jun 1, 1998.
GAO provided information on its Food and Agriculture issue area plan for fiscal years 1997 to 1999.GAO plans to examine ways to: (1) determine ways to promote the efficient delivery of food and nutrition assistance programs; (2) streamline the Department of Agriculture to improve efficiency in service delivery; reduce waste, fraud, abuse, and mismanagement in agriculture programs; and promote the...
Farm Programs: Impact of the 1996 Farm Act on County Office Workload
RCED-97-214: Published: Aug 19, 1997. Publicly Released: Aug 19, 1997.
Pursuant to a congressional request, GAO reviewed the impact of the Federal Agriculture Improvement and Reform Act of 1996 on the Farm Service Agency's county office workload.GAO noted that: (1) because of the limited availability of the Farm Service Agency's fiscal year (FY) 1997 actual workload data and changes in the U.S. Department of Agriculture's program and organizational structure resultin...