Farmers Home Administration:

Farm Program Debt, Delinquencies, and Loan Losses as of June 30, 1989

RCED-90-158BR: Published: Jun 26, 1990. Publicly Released: Jul 27, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on the Farmers Home Administration's (FmHA) farm loan program debt, delinquencies, and loan losses.

GAO found that: (1) the FmHA major farm program direct loan portfolio included over $28 billion in outstanding principal and unpaid interest and consisted of 624,173 loans held by 350,867 borrowers; (2) past-due payments on FmHA major farm program direct loans rose from $164 million in 1976 to $8.7 billion in 1989; (3) delinquent borrowers held $12 billion in outstanding principal and almost $5 billion in unpaid interest; (4) $7.8 billion of the $8.7 billion past due was owed by more than 44,000 borrowers who had not made payments in 3 or more years; and (5) total major farm program annual loan losses for both direct and guaranteed loans increased over 4,000 percent between 1982 and 1989.

Dec 18, 2014

Nov 6, 2014

Oct 29, 2014

Oct 20, 2014

Sep 8, 2014

Aug 7, 2014

Jul 29, 2014

Apr 30, 2014

Mar 26, 2014

Mar 5, 2014

Looking for more? Browse all our products here