Federal Down Payment Loan Program Program Authorization Statute

The U.S. Department of Agriculture’s Farm Service Agency (FSA) makes and guarantees loans to beginning farmers who are unable to obtain financing from commercial lenders. Each fiscal year, FSA targets a portion of its direct and guaranteed farm ownershipand operating loan funds to beginning farmers.  FSA's Down Payment Lan Program asists socially disadvantaged and beginning farmers in purchasing a farm. Retiring farmers may use this program to transfer their land to future generations.

Downloadable Documents: 
Citation: 
7 U.S.C. § 1935 (2013).
Law Category: 
Federal Laws