Farm Payments: Evaluation of Changes in County Loan Rates

RCED-89-47BR Published: Feb 15, 1989. Publicly Released: Feb 17, 1989.

Highlights

In response to a congressional request, GAO examined selected aspects of the Department of Agriculture's (USDA) county loan program, specifically to determine: (1) why USDA changed its loan rate calculation procedures for the individual counties; and (2) whether the changes resulted in reasonable and justifiable loan rates.

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Agricultural productsCommodity marketingDirect loansFarm creditFarm income stabilization programsFarm subsidiesGrain and grain productsLoan interest ratesLoan repaymentsPrice supports