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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 ...
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 goal was to make the farmer more efficient so the loans were used for new machinery, trucks, or animals, or to repay old debts. At all times, the borrower was closely advised by a government agent. Family needs were on the agenda, as the FSA set up a health insurance program and taught farm wives how to cook and raise children. Upward of a ...
Producer, in United States agricultural policy, is generally thought of as a farm operator.However, given the sometimes complex ownership and rental arrangements of today’s farms, the 2002 farm bill (P.L. 101–171, Sec. 1001) defines a producer for purposes of farm program benefits as an owner-operator, landlord, tenant, or sharecropper that shares in the risk of producing a crop and is ...
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.
The Farmers Home Administration (FmHA) was a U.S. government agency established in August 1946 to replace the Farm Security Administration. It superseded the Resettlement Administration during the Great Depression and operated until 2006. FmHA mission and programs involved extending credit for agriculture and rural development.
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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 ...