Farmers Home Administration:
Farm Program Debt, Delinquencies, and Loan Losses as of June 30, 1987
RCED-88-134BR: Published: May 20, 1988. Publicly Released: May 20, 1988.
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In response to a congressional request, GAO provided information on the Farmers Home Administration's (FmHA) farm loan program, specifically the: (1) total state and national farm debt and the FmHA portion of the debt; (2) total number of loans, borrowers, and loan amounts for each major FmHA program; and (3) program loan delinquencies and losses.
GAO found that: (1) the FmHA loan portfolio was at risk because of continued delinquent loans and losses; (2) total farm debt from all lenders grew from $104 billion to over $210 billion between 1976 and 1985; (3) over the same period, FmHA farm debt increased from an estimated $5.5 billion to about $26.6 billion; (4) total farm debt decreased in 1986 to about $189.6 billion, while FmHA farm debt decreased slightly to about $26.6 billion; (5) as of June 1987, the FmHA direct loan portfolio for its major farm program was over $26 billion and consisted of 242,266 borrowers with 688,393 loans; and (6) delinquent loans in the FmHA major farm program rose from $164 million in 1976 to $7 billion in 1987. GAO also found that: (1) about 83,000 borrowers were delinquent in principal and interest payments on loans with an outstanding total principal of $13.3 billion; (2) about 33,000 borrowers have not made loan payments in over 3 years; (3) from 1978 through 1987, FmHA annual loan losses increased from about $41 million to over $1.1 billion for direct loans and from $277,000 to over $78 million for guaranteed loans; and (4) for the past 10 years, the greatest cumulative loan losses were in the emergency disaster and economic emergency programs.
Jul 17, 2018
Summer Meals:
Improvements Needed to Address Participation Estimates and Program ChallengesGAO-18-611T: Published: Jul 17, 2018. Publicly Released: Jul 17, 2018.
Jul 2, 2018
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Summer Meals:
Actions Needed to Improve Participation Estimates and Address Program ChallengesGAO-18-369: Published: May 31, 2018. Publicly Released: Jul 2, 2018.
Jun 5, 2018
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Farm Programs:
Information on Payments [Reissued with Revisions Jun. 05, 2018]GAO-18-384R: Published: May 18, 2018. Publicly Released: May 18, 2018.
Apr 18, 2018
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Food Safety:
USDA Should Take Further Action to Reduce Pathogens in Meat and Poultry ProductsGAO-18-272: Published: Mar 19, 2018. Publicly Released: Apr 18, 2018.
Apr 16, 2018
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Food Safety:
Federal Efforts to Manage the Risk of Arsenic in RiceGAO-18-199: Published: Mar 16, 2018. Publicly Released: Apr 16, 2018.
Apr 10, 2018
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U.S. Department of Agriculture:
Additional Data Analysis Could Enhance Monitoring of U.S. Cattle MarketGAO-18-296: Published: Apr 10, 2018. Publicly Released: Apr 10, 2018.
Mar 5, 2018
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Food Safety and Nutrition:
FDA Can Build on Existing Efforts to Measure Progress and Implement Key ActivitiesGAO-18-174: Published: Jan 31, 2018. Publicly Released: Mar 5, 2018.
Nov 30, 2017
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WIC:
USDA's Review of Vegetables Available under the Program Followed Leading Research PracticesGAO-18-125R: Published: Nov 30, 2017. Publicly Released: Nov 30, 2017.
Nov 27, 2017
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Food Safety:
FDA Continues to Evaluate and Respond to Business Concerns about the Produce RuleGAO-18-85: Published: Nov 27, 2017. Publicly Released: Nov 27, 2017.
Nov 21, 2017
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Agricultural Promotion Programs:
USDA Could Build on Existing Efforts to Further Strengthen Its OversightGAO-18-54: Published: Nov 21, 2017. Publicly Released: Nov 21, 2017.
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