General. (1) The Agency establishes target participation rates for providing FO, CL, and OL loans to members of socially disadvantaged groups.
The Agency sets the target participation rates for State and County levels annually.
When distributing loan funds in counties within Indian reservations, the Agency will allocate the funds on a reservation-wide basis.
The Agency reserves and allocates sufficient loan funds to achieve these target participation rates. The Agency may also use funds that are not reserved and allocated for socially disadvantaged groups to make or guarantee loans to members of socially disadvantaged groups.
FO and CL, loans based on ethnicity or race. The FO and CL, loan target participation rate based on ethnicity or race in each:
State is equal to the percent of the total rural population in the State who are members of such socially disadvantaged groups.
County is equal to the percent of rural population in the county who are members of such socially disadvantaged groups.
OL loans based on ethnicity or race. The OL loan target participation rate based on ethnicity or race in each:
State is equal to the percent of the total number of farmers in the State who are members of such socially disadvantaged groups.
County is equal to the percent of the total number of farmers in the county who are members of socially disadvantaged ethnic groups.
Women farmers. (1) The target participation rate for women farmers in each:
State is equal to the percent of farmers in the State who are women.
County is equal to the percent of farmers in the county who are women.
In developing target participation rates for women, the Agency will consider the number of women who are current farmers and potential farmers.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.