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7 U.S.C. § 1944 — Limitations on amount of operating loans

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1944 — Limitations on amount of operating loans

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Source location: Title 7, Chapter 50, § 1944; chapter-050-agricultural-credit.md

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**(a) In general** The Secretary shall make or insure no loan under this subchapter— (1) that would cause the total principal indebtedness outstanding at any one time for loans made under this subchapter to any one borrower to exceed, in the case of a loan other than a loan guaranteed by the Secretary, $400,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the unpaid indebtedness of the borrower on loans under the sections specified in [section 1925 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1925&num=0&edition=prelim) that are guaranteed by the Secretary); or (2) for the purchasing or leasing of land other than for cash rent, or for carrying on any land leasing or land purchasing program. **(b) Inflation percentage** For purposes of this section, the inflation percentage applicable to a fiscal year is the percentage (if any) by which— (1) the average of the Prices Paid By Farmers Index (as compiled by the National Agricultural Statistics Service of the Department of Agriculture) for the 12-month period ending on July 31 of the immediately preceding fiscal year; exceeds (2) the average of such index (as so defined) for the 12-month period that immediately precedes the 12-month period described in paragraph (1). **(c) Microloans** (1) **In general** — Subject to paragraph (2), the Secretary may establish a program to make or guarantee microloans. (2) **Limitations** — The Secretary shall not make or guarantee a microloan under this subsection that would cause the total principal indebtedness outstanding at any 1 time for microloans made under this subsection to any 1 borrower to exceed $50,000. (3) **Applications** — To the maximum extent practicable, the Secretary shall limit the administrative burdens and streamline the application and approval process for microloans under this subsection. (4) **Cooperative lending pilot projects** (A) *In general* — Subject to subparagraph (B), during each of the 2014 through 2023 fiscal years, the Secretary may carry out a pilot project to make loans to community development financial institutions, as the Secretary determines appropriate— (i) to make or guarantee microloans consistent with the terms provided under this subsection; and (ii) to provide business, financial, marketing, and credit management services to microloan borrowers. (B) *Requirements* — Prior to making a loan to an institution described in subparagraph (A), the Secretary shall— (i) review and approve— (I) the loan loss reserve fund for microloans established by the institution; and (II) the underwriting standards for microloans of the institution; and (ii) establish such other requirements for making a loan to the institution as the Secretary determines necessary. (C) *Eligibility* — To be eligible for a loan under subparagraph (A), an institution described in subparagraph (A) shall, as determined by the Secretary— (i) have the legal authority necessary to carry out the actions described in subparagraph (A); (ii) have a proven track record of successfully assisting agricultural borrowers; and (iii) have the services of a staff with appropriate loan making and servicing expertise. (D) *Oversight* — Not less often than annually, on a date determined by the Secretary, an institution that has a loan under this paragraph shall provide to the Secretary such information as the Secretary may require to ensure that the services provided by the institution are serving the purposes of this subsection. (E) *Limitation* — The Secretary shall not make more than $10,000,000 in loans under this paragraph in any fiscal year.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1925 — Conservation loan and loan guarantee program

**(a) In general** The Secretary may make or guarantee qualified conservation loans to eligible borrowers under this section. **(b) Definitions** In this section: (1) **Qualified conservation loan** — The term “qualified conservation loan” means a loan, the proceeds of which are used to cover the costs to the borrower of carrying out a qualified conservation project. (2) **Qualified conservation project** — The term “qualified conservation project” means conservation measures that address provisions of a conservation plan of the eligible borrower. (3) **Conservation plan** — The term “conservation plan” means a plan, approved by the Secretary, that, for a farming or ranching operation, identifies the conservation activities that will be addressed with loan funds provided under this section, including— (A) the installation of conservation structures to address soil, water, and related resources; (B) the establishment of forest cover for sustained yield timber management, erosion control, or shelter belt purposes; (C) the installation of water conservation measures; (D) the installation of waste management systems; (E) the establishment or improvement of permanent pasture; (F) compliance with [section 3812 of title 16](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section3812&num=0&edition=prelim); and (G) other purposes consistent with the plan, including the adoption of any other emerging or existing conservation practices, techniques, or technologies approved by the Secretary. **(c) Eligibility** (1) **In general** — The Secretary may make or guarantee loans to farmers or ranchers in the United States, farm cooperatives, private domestic corporations, partnerships, joint operations, trusts, limited liability companies,

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 8701 — Geographically disadvantaged farmers and ranchers

**(a) Definitions** In this section: (1) **Agricultural commodity** — The term “agricultural commodity” has the meaning given the term in [section 5602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section5602&num=0&edition=prelim). (2) **Geographically disadvantaged farmer or rancher** — The term “geographically disadvantaged farmer or rancher” has the meaning given the term in section 10906(a) of the Farm Security and Rural Investment Act of 2002 ([7 U.S.C. 2204](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2204&num=0&edition=prelim) note; Public Law 107–171). **(b) Authorization** Subject to the availability of funds under subsection (d), the Secretary may provide geographically disadvantaged farmers or ranchers direct reimbursement payments for activities described in subsection (c). **(c) Transportation** (1) **In general** — Subject to paragraphs (2) and (3), the Secretary may provide direct reimbursement payments to a geographically disadvantaged farmer or rancher to transport an agricultural commodity, or inputs used to produce an agricultural commodity, during a fiscal year. (2) **Proof of eligibility** — To be eligible to receive assistance under paragraph (1), a geographically disadvantaged farmer or rancher shall demonstrate to the Secretary that transportation of the agricultural commodity or inputs occurred over a distance of more than 30 miles, as determined by the Secretary. (3) **Amount** (A) *In general* — Subject to paragraph (2), the amount of direct reimbursement payments made to a geographically disadvantaged farmer or rancher under this section for a fiscal year shall equal the product obtained by multiplying— (i) the amount of costs incurred by the geographically di

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 8701

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9001 — Implementation

**(a) Maintenance of base acres and payment yields** The Secretary shall maintain, for each covered commodity and upland cotton, base acres and payment yields on a farm established under sections 8702 and 8751 of this title, as adjusted pursuant to sections 8711, 8712, 8718, and 8752 of this title, as in effect on September 30, 2013, and as adjusted pursuant to sections 9012 and 9013 of this title. **(b) Streamlining** In implementing this chapter and the amendments made by this title,11 See References in Text note below. the Secretary shall— (1) continue to reduce administrative burdens and costs to producers by streamlining and reducing paperwork, forms, and other administrative requirements, to ensure that— (A) a producer (or an agent of a producer) may report information, electronically (including geospatial data) or conventionally, to the Department of Agriculture, subject to the Secretary— (i) establishing reasonable levels of tolerance that reflect the differences in accuracy between measures of common land units and geospatial data; and (ii) ensuring that discrepancies that occur within the levels of tolerance established under clause (i) shall not be used to penalize a producer (or an agent of a producer) under any program administered by the Department of Agriculture; (B) on the request of a producer (or an agent of a producer), the Department of Agriculture electronically shares with the producer (or agent) in real time and without cost to the producer (or agent) the common land unit data, related farm level data, conservation practices, and other information of the producer through a single Department of Agriculture-wide login; (C) not later than September 30, 2020, the Administrator of the Risk Management Agency and the Administrator of

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1944 — Soil conservation district loans; limita-

Page 1111 TITLE 7—AGRICULTURE § 1946 1 See References in Text note below. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246. AMENDMENTS 2018—Subsec. (a)(1). Pub. L. 115–334, § 5201(1), sub- stituted ‘‘$400,000’’ for ‘‘$300,000’’, ‘‘$1,750,000’’ for ‘‘$700,000’’, and ‘‘2019’’ for ‘‘2000’’. Subsec. (b)(1). Pub. L. 115–334, § 5201(2)(A), substituted ‘‘July’’ for ‘‘August’’. Subsec. (b)(2). Pub. L. 115–334, § 5201(2)(B), substituted ‘‘that immediately precedes the 12-month period de- scribed in paragraph (1)’’ for ‘‘ending on August 31, 1996’’. Subsec. (c)(2). Pub. L. 115–334, § 5202, substituted ‘‘sub- section to any 1 borrower’’ for ‘‘chapter to any 1 bor- rower’’. Subsec. (c)(4)(A). Pub. L. 115–334, § 5203, substituted ‘‘2023’’ for ‘‘2018’’ in introductory provisions. 2014—Subsec. (c). Pub. L. 113–79 added subsec. (c). 2008—Subsec. (a)(1). Pub. L. 110–246, § 5102, substituted ‘‘$300,000’’ for ‘‘$200,000’’. 1998—Pub. L. 105–277 inserted section catchline, des- ignated existing provisions as subsec. (a), inserted heading, substituted ‘‘this subchapter—’’ for ‘‘this sub- chapter’’, in introductory provisions, realigned margin of par. (1) and substituted ‘‘$700,000 (increased, begin- ning with fiscal year 2000, by the inflation percentage applicable to the fiscal year in which the loan is guar- anteed and reduced by the unpaid indebtedness of the borrower on loans under the sections specified in sec- tion 1925 of this title that are guaranteed by the Sec- retary); or’’ for ‘‘$400,000; or’’, realigned margin of par. (2), and added subsec. (b). 1984—Pub. L. 98–258 substituted ‘‘$200,000’’ and ‘‘$400,000’’ for ‘‘$100,000’’ and ‘‘$200,000’’, respectively. 1978—Pub. L. 95–334 substituted provisions setting forth criteria for Secretary

Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1944

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