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7 U.S.C. § 1941 — Relending program to resolve ownership and succession on farmland
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary may make loans to eligible entities described in subsection (b) so that the eligible entities may relend the funds to individuals and entities for the purposes described in subsection (c).
**(b) Eligible entities** Entities eligible for loans described in subsection (a) are cooperatives, credit unions, and nonprofit organizations with—
(1) certification under section 1805.201 of title 12, Code of Federal Regulations (or successor regulations), to operate as a lender;
(2) experience assisting socially disadvantaged farmers and ranchers (as defined in subsection (a) of [section 2279 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2279&num=0&edition=prelim)) or limited resource or new and beginning farmers and ranchers, rural businesses, cooperatives, or credit unions, including experience in making and servicing agricultural and commercial loans; and
(3) the ability to provide adequate assurance of the repayment of a loan.
**(c) Eligible purposes** The proceeds from loans made by the Secretary pursuant to subsection (a) shall be re-lent by eligible entities for projects that assist heirs with undivided ownership interests to resolve ownership and succession on farmland that has multiple owners.
**(d) Preference** In making loans under subsection (a), the Secretary shall give preference to eligible entities—
(1) with not less than 10 years of experience serving socially disadvantaged farmers and ranchers; and
(2) in States that have adopted a statute consisting of an enactment or adoption of the Uniform Partition of Heirs Property Act, as approved and recommended for enactment in all States by the National Conference of Commissioners on Uniform State Laws in 2010, that relend to owners of he
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Source location: Title 7, Chapter 50, § 1941; chapter-050-agricultural-credit.md
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**(a) In general** The Secretary may make loans to eligible entities described in subsection (b) so that the eligible entities may relend the funds to individuals and entities for the purposes described in subsection (c).
**(b) Eligible entities** Entities eligible for loans described in subsection (a) are cooperatives, credit unions, and nonprofit organizations with—
(1) certification under section 1805.201 of title 12, Code of Federal Regulations (or successor regulations), to operate as a lender;
(2) experience assisting socially disadvantaged farmers and ranchers (as defined in subsection (a) of [section 2279 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2279&num=0&edition=prelim)) or limited resource or new and beginning farmers and ranchers, rural businesses, cooperatives, or credit unions, including experience in making and servicing agricultural and commercial loans; and
(3) the ability to provide adequate assurance of the repayment of a loan.
**(c) Eligible purposes** The proceeds from loans made by the Secretary pursuant to subsection (a) shall be re-lent by eligible entities for projects that assist heirs with undivided ownership interests to resolve ownership and succession on farmland that has multiple owners.
**(d) Preference** In making loans under subsection (a), the Secretary shall give preference to eligible entities—
(1) with not less than 10 years of experience serving socially disadvantaged farmers and ranchers; and
(2) in States that have adopted a statute consisting of an enactment or adoption of the Uniform Partition of Heirs Property Act, as approved and recommended for enactment in all States by the National Conference of Commissioners on Uniform State Laws in 2010, that relend to owners of heirs property (as defined in that Act).
**(e) Loan terms and conditions** The following terms and conditions shall apply to loans made under this section:
(1) The interest rate at which intermediaries may borrow funds under this section shall be determined by the Secretary.
(2) The rates, terms, and payment structure for borrowers to which intermediaries lend shall be—
(A) determined by the intermediary in an amount sufficient to cover the cost of operating and sustaining the revolving loan fund; and
(B) clearly and publicly disclosed to qualified ultimate borrowers.
(3) Borrowers to which intermediaries lend shall be—
(A) required to complete a succession plan as a condition of the loan; and
(B) be offered the opportunity to borrow sufficient funds to cover costs associated with the succession plan under subparagraph (A) and other associated legal and closing costs.
**(f) Report** Not later than 1 year after December 20, 2018, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing the operation and outcomes of the program under this section, with recommendations on how to strengthen the program.
**(g) Authorization of appropriations** There is authorized to be appropriated to carry out this section $10,000,000 for each of fiscal years 2019 through 2023.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Agricultural programs** — The term “agricultural programs” are those established or authorized by—
(A) the Agricultural Act of 1949 [[7 U.S.C. 1421](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1421&num=0&edition=prelim) et seq.];
(B) the Consolidated Farm and Rural Development Act [[7 U.S.C. 1921](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1921&num=0&edition=prelim) et seq.];
(C) the Agricultural Adjustment Act of 1938 [[7 U.S.C. 1281](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1281&num=0&edition=prelim) et seq.];
(D) the Soil Conservation Act;
(E) the Domestic Allotment Assistance Act;
(F) the Food Security Act of 1985; and
(G) other such Acts as the Secretary deems appropriate.
(2) **Beginning farmer or rancher** — The term “beginning farmer or rancher” means a person that—
(A)
(i) has not operated a farm or ranch; or
(ii) has operated a farm or ranch for not more than 10 years; and
(B) meets such other criteria as the Secretary may establish.
(3) **Department** — The term “Department” means the Department of Agriculture.
(4) **Secretary** — The term “Secretary” means the Secretary of Agriculture.
(5) **Socially disadvantaged farmer or rancher** — The term “socially disadvantaged farmer or rancher” means a farmer or rancher who is a member of a socially disadvantaged group.
(6) **Socially disadvantaged group** — The term “socially disadvantaged group” means a group whose members have been subjected to racial or ethnic prejudice because of their identity as members of a group without regard to their individual qualities.
(7) **Veteran farmer or rancher** — The term “veteran farmer or ranche
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 2279
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general**
(1) **Eligibility requirements** — The Secretary may make and insure loans under this subchapter to farmers and ranchers in the United States, and to farm cooperatives and private domestic corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities as the Secretary considers appropriate, that are controlled by farmers and ranchers and engaged primarily and directly in farming or ranching in the United States, subject to the conditions specified in this section. To be eligible for such loans, applicants who are individuals, or, in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities, individuals holding a majority interest in such entity, must (A) be citizens of the United States, (B) for direct loans only, have either training or farming experience that the Secretary determines is sufficient to assure reasonable prospects of success in the proposed farming operations, taking into consideration all farming experience of the applicant, without regard to any lapse between farming experiences, (C) be or will become owner-operators of not larger than family farms (or in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities in which a majority interest is held by individuals who are related by blood or marriage, as defined by the Secretary, such individuals must be or will become either owners or operators of not larger than a family farm and at least one such individual must be or will become an operator of not larger than a family farm or, in the case of holders of the entire interest who are related by blood or marriage and all of wh
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1923
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general**
(1) **Eligibility requirements** — The Secretary may make and insure loans under this subchapter to farmers and ranchers in the United States, and to farm cooperatives and private domestic corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities as the Secretary considers appropriate, that are controlled by farmers and ranchers and engaged primarily and directly in farming or ranching in the United States, subject to the conditions specified in this section. To be eligible for such loans, applicants who are individuals, or, in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities, individuals holding a majority interest in such entity, must (A) be citizens of the United States, (B) for direct loans only, have either training or farming experience that the Secretary determines is sufficient to assure reasonable prospects of success in the proposed farming operations, taking into consideration all farming experience of the applicant, without regard to any lapse between farming experiences, (C) be or will become operators of not larger than family farms (or in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities in which a majority interest is held by individuals who are related by blood or marriage, as defined by the Secretary, such individuals must be or will become either owners or operators of not larger than a family farm and at least one such individual must be or will become an operator of not larger than a family farm or, in the case of holders of the entire interest who are related by blood or marriage and all of whom are
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definition of farm loan** In this section, the term “farm loan” means—
(1) a farm ownership loan under subtitle A of the Consolidated Farm and Rural Development Act ([7 U.S.C. 1922](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1922&num=0&edition=prelim) et seq.); and
(2) an operating loan under subtitle B of that Act ([7 U.S.C. 1941](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1941&num=0&edition=prelim) et seq.).
**(b) Reports**
(1) **Preparation** — For each fiscal year, the Secretary shall prepare a report that includes—
(A) aggregate data based on a review of each outstanding farm loan made or guaranteed by the Secretary describing, for the United States and for each State and county in the United States—
(i) the age of the recipient producer;
(ii) the duration that the recipient producer has engaged in agricultural production;
(iii) the size of the farm or ranch of the recipient producer;
(iv) the race, ethnicity, and gender of the recipient producer;
(v) the agricultural commodity or commodities, or type of enterprise, for which the loan was secured;
(vi) the amount of the farm loan made or guaranteed;
(vii) the type of the farm loan made or guaranteed; and
(viii) the default rate of the farm loan made or guaranteed;
(B) for each State and county in the United States, data demonstrating the number of outstanding farm loans made or guaranteed, according to loan size cohort; and
(C) an assessment of actual loans made or guaranteed as measured against target participation rates for beginning and socially disadvantaged farmers, broken down by State, as described in sections 346(b)(2) and 355 of the Consolidated Farm and Rural Development Act ([7 U.S.C
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Federal law — U.S. Code and appendices · legal_authorities
Page 1105
TITLE 7—AGRICULTURE
§ 1941
(B) be offered the opportunity to borrow
sufficient funds to cover costs associated
with the succession plan under subparagraph
(A) and other associated legal and closing
costs.
(f) Report
Not later than 1 year after December 20, 2018,
the Secretary shall submit to the Committee on
Agriculture of the House of Representatives and
the Committee on Agriculture, Nutrition, and
Forestry of the Senate a report describing the
operation and outcomes of the program under
this section, with recommendations on how to
strengthen the program.
(g) Authorization of appropriations
There is authorized to be appropriated to
carry out this section $10,000,000 for each of fis-
cal years 2019 through 2023.
(Pub. L. 87–128, title III, § 310I, as added Pub. L.
115–334, title V, § 5104, Dec. 20, 2018, 132 Stat.
4669.)
SUBCHAPTER II—OPERATING LOANS
§ 1941. Persons eligible for loans
(a) In general
(1) Eligibility requirements
The Secretary may make and insure loans
under this subchapter to farmers and ranchers
in the United States, and to farm cooperatives
and private domestic corporations, partner-
ships, joint operations, trusts, limited liabil-
ity companies, and such other legal entities as
the Secretary considers appropriate, that are
controlled by farmers and ranchers and en-
gaged primarily and directly in farming or
ranching in the United States, subject to the
conditions specified in this section. To be eli-
gible for such loans, applicants who are indi-
viduals, or, in the case of cooperatives, cor-
porations,
partnerships,
joint
operations,
trusts, limited liability companies, and such
other legal entities, individuals holding a ma-
jority interest in such entity, must (A) be citi-
zens of the United States, (B)
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