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Code · BILL · 115th Congress · H.R. 2 (Enrolled) — To provide for the reform and continuation of agricultural and other programs of the Department of Agriculture throug... · Sec. 5306

Sec. 5306. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

81 words·~1 min read·/bill/115/hr/2/enr/section-5306

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The Consolidated Farm and Rural Development Act is amended by inserting after section 366 (as added by section 5305) the following: In the case of a loan guaranteed by the Secretary under subtitle A or B to a socially disadvantaged farmer or rancher (as defined in section 355(e)) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan. .
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