FARM OWNERSHIP LOANS

  

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FARM OWNERSHIP LOANS

Specialty Definition: FARM OWNERSHIP LOANS

DomainDefinition

Agriculture

Subtitle A of the Consolidated Farm and Rural Development Act, as amended, authorizes the Farm Service Agency (formerly FmHA) to make direct and guaranteed farm ownership loans to eligible family farmers. One of the functions of the FO loan program is to assist farmers, especially beginning farmers, in the purchase and enlargement of farms. An eligible borrower must be unable to obtain sufficient credit from a commercial lender, but must assure reasonable prospects of success in the farm operation. Loans are made for up to 40 years and cannot exceed $200,000 for a direct loan, or $300,000 for a guaranteed loan. The interest rate for a direct loan is determined by USDA, and cannot exceed the cost of funds to the Government plus 1 percentage point. However, direct loans to "limited resource" borrowers can be made at significantly below the federal cost of funds. The interest rate on guaranteed loans is negotiated between the borrower and the lender. USDA guarantees the timely repayment of 90% of principal and interest on guaranteed loans, and in some cases can subsidize the interest rate on these loans. The amount USDA can directly lend or guarantee each year is determined in the annual congressional appropriations process. (FO). (references)

Source: compiled by the editor from various references; see credits.

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Anagrams: FARM OWNERSHIP LOANS

Scrabble® Enable2K-Verified Anagrams

Words within the letters "a-a-e-f-h-i-l-m-n-n-o-o-p-r-r-s-s-w"

-5 letters: passionflower.

Source: compiled by the editor from various references; see credits.

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Alternative Orthography: FARM OWNERSHIP LOANS


Hexadecimal (or equivalents, 770AD-1900s) (references)

46 41 52 4D      4F 57 4E 45 52 53 48 49 50           4C 4F 41 4E 53

Leonardo da Vinci (1452-1519; backwards) (references)

            

Binary Code (1918-1938, probably earlier) (references)

01000110 01000001 01010010 01001101 00100000 01001111 01010111 01001110 01000101 01010010 01010011 01001000 01001001 01010000 00100000 00100000 01001100 01001111 01000001 01001110 01010011

HTML Code (1990) (references)

&#70 &#65 &#82 &#77 &#32 &#79 &#87 &#78 &#69 &#82 &#83 &#72 &#73 &#80 &#32 &#32 &#76 &#79 &#65 &#78 &#83

ISO 10646 (1991-1993) (references)

0046 0041 0052 004D      004F 0057 004E 0045 0052 0053 0048 0049 0050           004C 004F 0041 004E 0053

Encryption (beginner's substitution cypher): (references)

403552472495748395253424350224649354853

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INDEX

1. Anagrams
2. Orthography
3. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.