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Farm Service Agency: Information on Farm Loans and Losses

RCED-99-18 Published: Nov 27, 1998. Publicly Released: Dec 30, 1998.
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Highlights

Pursuant to a congressional request, GAO provided information on selected Farm Service Agency (FSA) farm loans, focusing on: (1) the financial condition of FSA's active direct farm loan portfolio at the end of fiscal years (FY) 1995 through 1997; (2) the amount and number of losses incurred by FSA on direct farm loans from FY 1989 through FY 1997; and (3) new farm operating loans that FSA has made on an exception basis, since the 1996 Farm Bill, to borrowers who had debts forgiven when their loans were restructured.

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Agricultural programsDebt collectionDelinquent loansDirect loansFarm creditFinancial managementGovernment collectionsGovernment guaranteed loansLoan defaultsLoan repayments