Sec. 5410. Sense of the Senate
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It is the sense of the Senate that — sections 346 and 355 of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1994 , 2003) reserve amounts to incentivize participation in Farm Service Agency loan programs for qualified beginning farmers and ranchers and socially disadvantaged farmers; under current law— for direct loans, 75 percent of the funding for farm ownership loans and 50 percent of operating loans are reserved for the first 11 months of the fiscal year; and for guaranteed loans, 40 percent of available funding is reserved for ownership loans and farm operating loans for the first ½ of the fiscal year; and all participants of the Farm Service Agency loan programs should strive to encourage beginning farmers and ranchers and socially disadvantaged farmers to use Farm Service Agency loans.
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Sec. 5410
Sense of the Senate
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