FARM OPERATING LOANS Current Year: Grants: $0,000 Loans: $l, 832,083,000 Other: $0,000 Total: $1,832,083,000 OBJECTIVES: To enable operators of not larger than family farms through the extension of credit and supervisory assistance, to make efficient use of their land, labor, and other resources, and to establish and maintain financially viable fanning and ranching operations. APPLICATION AND AWARD PROCESS: Pre-application Coordination: None required. However, an informal conference with the local county office staff is recommended. This program is excluded from coverage under OMB Circular No. A-102 and E.O. 12372. Application Procedure: Applicants file Form FSA 410-I, Application for Direct Loan Assistance, with supporting information, at the local county office of the Farm Service Agency for direct loans or Form FSA 1980-25 with the prospective lender for loan guarantees. This program is excluded from coverage under OMB Circular No. A-I 10. Award Procedure: Certification as to eligibility is made by the local county committee (unless that responsibility has been delegated to the Agency credit officials) and an approval determination is made by a FSA official as to loan feasibility and soundness, and whether there is adequate collateral to secure any loan. Deadlines: None. Range of Approval/Disapproval Time: The loan approval official approves or
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