Consolidated Farm Service Agency: Update on the Farm Loan Portfolio

Pursuant to a congressional request, GAO provided information on the Department of Agriculture's direct and guaranteed farm loan programs, focusing on: (1) the levels of outstanding debt on active loans and amounts owed by delinquent borrowers as of March 31, 1995; (2) losses on farm loans from fiscal year (FY) 1989 through March 31, 1995; and (3) new loans to borrowers who were delinquent or whose past defaults resulted in losses.