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This represents all farm proprietors’ residual claims to farm assets. Increases in farm equity in the late 1970s became increasingly important for most agricultural producers as a source of additional collateral against which to obtain credit for operating and expansion purposes. The level of farm equity ranges widely from one farm to another.
The Farm Service Agency (FSA) is the United States Department of Agriculture agency that was formed by merging the farm loan portfolio and staff of the Farmers Home Administration (FmHA) and the Agricultural Stabilization and Conservation Service (ASCS). The Farm Service Agency implements agricultural policy, administers credit and loan ...
On October 13, 1994, the Department of Agriculture was reorganized under the Federal Crop Insurance Reform Act of 1994 and Department of Agriculture Reorganization Act of 1994. Under that act, USDA Rural Development was created to administer the former Farmers Home Administration 's (FmHA) non-farm financial programs for rural housing ...
The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases.
Limited Resource Farmers are characterized by having limited farm sales and income. [1] The USDA created the Limited Resource Farmer and Rancher program to ensure that these farmers and ranchers can develop economically viable farms, have access to USDA support, and ensure that programs are in alignment with farmer and rancher needs and ...
National Farmers Union (officially Farmers Educational and Cooperative Union of America) is a national federation of state Farmers Union organizations in the United States. The organization was founded in 1902 in Point, Texas , and is headquartered in Washington, D.C. .
Long title: An Act to extend and revise agricultural price support and related programs, to provide for agricultural export, resource conservation, farm credit, and agricultural research and related programs, to continue food assistance to low-income persons, to ensure consumers an abundance of food and fiber at reasonable prices, and for other purposes.
Section 2501(e)(2) of the Food, Agriculture, Conservation, and Trade Act of 1990 defines a socially disadvantaged farmer or rancher as a member of a socially disadvantaged group. The USDA identifies these groups to include, but not be limited to, African Americans, American Indians, Alaskan Natives, Asians, Hispanics, and Pacific Islanders. [5]