Skip to main content

Summary of Major Deficiencies in the Farmers Home Administration's Business and Industrial Loan Program

CED-81-56 Published: Jan 30, 1981. Publicly Released: Feb 05, 1981.
Jump To:
Skip to Highlights

Highlights

GAO was asked to summarize the major deficiencies in the Farmers Home Administration's (FmHA) Business and Industrial Loan Program. GAO was also asked to base the summary on audits by GAO and the Department of Agriculture (USDA) Office of the Inspector General (OIG) and internal FmHA studies. In 1977, GAO reported on loan evaluation and servicing deficiencies in the FmHA program.

Full Report

Office of Public Affairs

Topics

Agricultural programsAudit oversightBusiness development loansFinancial managementGovernment guaranteed loansIndustrial facilitiesOversight committeesPersonnel managementProgram evaluationLoan guarantees