Beginning farmer or rancher loans
- Dennis Daggett (Deactivated)
To qualify as a beginning farmer or rancher under USDA's Farm Service Agency guidelines, the loan applicant must be an individual or entity who (1) has not operated a farm or ranch for more than 10 years; (2) meets the loan eligibility requirements of the program to which he/she is applying; and (3) substantially participates in the operation. For farm ownership (FO) loan purposes, the applicant cannot own a farm greater than 30 percent of the average size farm in the county. For direct FO loans, the applicant must have participated in business operation of a farm for at least 3 years. If the applicant is an entity, all members must be related by blood or marriage, and all stockholders in a corporation must be eligible beginning farmers.
Authorization Path: 1.1.1.1.55.0