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Farm loan programs of the FSA: Loan programs, administered by the Farm
Service Agency (replacing FmHA), providing both direct and guaranteed real
estate, operating loans, and direct emergency disaster loans to individuals
whose primary business is farming and ranching. Loans are targeted to family
farms whose operators are unable to obtain sufficient credit from private
commercial lenders on reasonable terms. Under the FAIR Act of 1996, farm lending
programs are permanently reauthorized, with new restrictions on the purposes for
which loans can be used and on the length of time borrowers are eligible for new
credit assistance. Provisions are extended that reserve a portion of loan funds
for new and beginning farmers.
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