7 USC 2008b – Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
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In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) 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.
Terms Used In 7 USC 2008b
- beginning farmer or rancher: means such term as defined by the Secretary. See 7 USC 1991
- farmer: includes a person who is engaged in, or who, with assistance afforded under this chapter, intends to engage in, fish farming. See 7 USC 1991