Consolidated Farm Service Agency:
Update on the Farm Loan Portfolio
RCED-95-223FS: Published: Jul 14, 1995. Publicly Released: Jul 14, 1995.
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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.
GAO found that: (1) as of March 31, 1995, the Consolidated Farm Service Agency's (CFSA) outstanding principal for active farm loans totalled $11.9 billion in the direct loan program and $5.9 billion in the guaranteed loan program; (2) 47 percent of the outstanding principal in the direct loan program and 4 percent of the outstanding principal in the guaranteed program was held by delinquent borrowers; (3) farm ownership loans accounted for $4.7 billion in outstanding principal owed and emergency disaster assistance loans accounted for $3.2 billion in outstanding principal; (4) 34 percent of borrowers who owed less than $200,000 were delinquent, while 93 percent of borrowers who owed over $1 million were delinquent; (5) CFSA incurred $12.4 billion in losses on direct loans and $300 million in losses on guaranteed loans from FY 1989 through March 31, 1995; (6) the highest losses within the direct loan program occurred with emergency disaster assistance loans; (7) CFSA made about $234 million in new direct loans and $214 million in new guaranteed loans to borrowers after it had incurred losses on their previous farm loans; and (8) CFSA made an additional $130 million in loans from FY 1989 to March 31, 1995 under a policy allowing delinquent borrowers to obtain new loans for operating expenses.
Sep 16, 2020
Agriculture Spending:
Opportunities Exist for USDA to Identify Successes and Challenges of the Farmers to Families Food Box Program to Inform Future EffortsGAO-20-711R: Published: Sep 16, 2020. Publicly Released: Sep 16, 2020.
Sep 14, 2020
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USDA Market Facilitation Program:
Information on Payments for 2019GAO-20-700R: Published: Aug 21, 2020. Publicly Released: Sep 14, 2020.
Aug 10, 2020
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National Bio and Agro-defense Facility:
DHS and USDA Are Working to Transfer Ownership and Prepare for Operations, but Critical Steps RemainGAO-20-331: Published: Jul 10, 2020. Publicly Released: Aug 10, 2020.
May 7, 2020
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Food Safety:
FDA and USDA Could Strengthen Existing Efforts to Prepare for Oversight of Cell-Cultured MeatGAO-20-325: Published: Apr 7, 2020. Publicly Released: May 7, 2020.
Apr 13, 2020
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Priority Open Recommendations:
U.S. Department of AgricultureGAO-20-288PR: Published: Apr 6, 2020. Publicly Released: Apr 13, 2020.
Dec 23, 2019
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Nutrition Assistance Programs:
Agencies Could Do More to Help Address the Nutritional Needs of Older AdultsGAO-20-18: Published: Nov 21, 2019. Publicly Released: Dec 23, 2019.
Dec 6, 2019
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Imported Seafood Safety:
Actions Needed to Improve FDA Oversight of Import Alert Removal DecisionsGAO-20-62: Published: Nov 6, 2019. Publicly Released: Dec 6, 2019.
Nov 12, 2019
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Irrigated Agriculture:
Technologies, Practices, and Implications for Water ScarcityGAO-20-128SP: Published: Nov 12, 2019. Publicly Released: Nov 12, 2019.
Oct 28, 2019
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Dairy Cooperatives:
Potential Implications of Consolidation and Investments in Dairy Processing for FarmersGAO-19-695R: Published: Sep 27, 2019. Publicly Released: Oct 28, 2019.
Sep 9, 2019
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Date Labels on Packaged Foods:
USDA and FDA Could Take Additional Steps to Reduce Consumer ConfusionGAO-19-407: Published: Sep 9, 2019. Publicly Released: Sep 9, 2019.
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