Limited-Resource Farmer Loans: More Can Be Done to Achieve Program Goals and Reduce Costs.
GENERAL ACCOUNTING OFFICE WASHINGTON DC COMMUNITY AND ECONOMIC DEVELOPMENT DIV
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Since 1978 the Farmers Home Administration has provided more than a billion dollars in low-interest loans to borrowers with limited resources, such as new farmers, disadvantaged farmers, and farmers making changes in their operations who lack the income, credit, or resources necessary to succeed in farming. This report discusses the improvements needed in program administration and design to 1 provide more management assistance to borrowers by relying on the services of other Department of Agriculture agencies 2 safeguard program funds against misuse and 3 reduce interest subsidy costs.
- Agricultural Economics
- Administration and Management
- Economics and Cost Analysis