Farm Finance: Provisions for Secondary Markets for Farm Real Estate Loans in H.R. 3030

Highlights

Pursuant to a congressional request, GAO provided information on the proposed Agricultural Credit Act of 1987, focusing on its: (1) creation of a secondary market for agricultural mortgage loans; (2) improvement of existing secondary market operations for Farmers Home Administration (FmHA)-guaranteed loans; and (3) creation of a secondary market program exclusively for Farm Credit System (FCS) loans.

Full Report

Full Report (22 pages)

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Chuck Young

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Topics

Agriculture and Food

Agricultural programsFarm creditFarm credit banksFarm income stabilization programsFederal corporationsGovernment guaranteed loansMortgage loansProposed legislationReal estate salesSecondary markets