Sec. 223. Direct loans for beginning farmers and ranchers
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Section 346(b)(2)(A) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1994(b)(2)(A) ) is amended— in clause (i), by adding at the end the following: In order to maximize the number of borrowers served under this clause, the Secretary— shall give priority to borrowers who apply under the down payment loan program under section 310E or joint financing arrangements under section 307(a)(3)(D); and may offer other financing options only if the Secretary determines that down payment or other participation loan options are not a viable approach for a particular borrower. ; and in clause (ii)(III), by striking each of fiscal years 2008 through 2012 and inserting fiscal year 2008 and each fiscal year thereafter .
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Sec. 223
Direct loans for beginning farmers and ranchers
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