Notice2023-18965
Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 1, 2023
Issuing agencies
Agriculture Department
Full Text
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<title>Federal Register, Volume 88 Issue 169 (Friday, September 1, 2023)</title>
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[Federal Register Volume 88, Number 169 (Friday, September 1, 2023)]
[Notices]
[Page 60430]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-18965]
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Federal Register / Vol. 88, No. 169 / Friday, September 1, 2023 /
Notices
[[Page 60430]]
DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
are required regarding; whether the collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility; the
accuracy of the agency's estimate of burden including the validity of
the methodology and assumptions used; ways to enhance the quality,
utility and clarity of the information to be collected; and ways to
minimize the burden of the collection of information on those who are
to respond, including through the use of appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology.
Comments regarding this information collection received by October
2, 2023 will be considered. Written comments and recommendations for
the proposed information collection should be submitted within 30 days
of the publication of this notice on the following website
<a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular information
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Farm Service Agency
Title: Farm Loan Program (FLP)--Guaranteed Farm Loans.
OMB Control Number: 0560-0155.
Summary of Collection: FLP administers to make and service loans
guaranteed to the eligible farmers and ranchers to comply with the
regulations of 7 CFR part 762, Guaranteed Farm Loans and 7 CFR part
763, Land Contract Guaranteed Loans. The loans made and serviced
include farm operating and farm ownership loans. FSA also provides
guarantees of loans made by private sellers of a farm or ranch on a
land contract sales basis; although this program is rarely used. The
reporting requirements imposed on the public by the regulations at 7
CFR part 762 and 7 CFR part 763 are necessary to administer the Farm
Loan Program guaranteed loan program.
Need and Use of the Information: FSA uses the forms and written
evidence to collect needed information. The basis objective of the
guaranteed loan program is to provide credit to applicants who are
unable to obtain credit from lending institutions without a guarantee.
The information collected is used to determine lender and loan
applicant eligibility for farm loan guarantees, and to ensure the
lender protects the Government's financial interest. The information
FSA collects is needed to effectively administer the FSA guaranteed
farm loan programs. The information is collected by the FSA loan
official in consultation with participating lenders.
Description of Respondents: Farms; Business or other for-profit.
Number of Respondents: 9,063.
Frequency of Responses: Reporting: Other (when applying for loans).
Total Burden Hours: 154,631.
Farm Service Agency
Title: Farm Loan Program, General Program Administration.
OMB Control Number: 0560-0238.
Summary of Collection: Farm Loan Program (FLP) in the Farm Service
Agency provides loans to family farmers to purchase real estate and
equipment and finance agricultural production to comply the regulation
of 7 CFR part 761, General Program Administration.
Need and Use of the Information: Information collections are
submitted by applicants and borrowers to the local FSA office serving
the county in which their business is headquartered. The information is
necessary to provide supervised credit as legislatively mandated and is
used by FSA to:
<bullet> Ensure that when loan funds or insurance proceeds are used
for construction and development projects, work is completed according
to applicable State and local requirements, and in a manner that
protects the Government's financial interest.
<bullet> Ensure that the loan repayment plan is developed using
realistic data, based on the operation's actual history and any planned
improvements.
<bullet> Identify potential concerns limiting the success of the
operation and develop a loan assessment outlining the course of action
to be followed, to improve the operation so that commercial credit is
available.
The general nature of a loan from FSA is very similar to that of
any conventional commercial creditor. However, FSA applicants and
borrowers tend to pose more of an economic risk of loss than those
operations financed by commercial credit sources, as applicants must
document that no other source of credit is available at the time of
application. Legislation requires FSA to actively supervise these
borrowers and provide credit counseling, management advice, and
financial guidance. Also, FLP provides either a prompt payment or
standard guarantee plan to sellers who enter into a land contract with
a beginning or socially disadvantaged farmers to comply with the
regulation of 7 CFR part 763, Land Contract Guarantee Loan but have not
received any requests for land contract.
FLP is mandated to provide supervised credit; therefore, failure to
collect the information, or collecting it less frequently, could result
in the failure of the farm operation or loss of agency security
property.
Description of Respondents: Business or other for-profit; farms.
Number of Respondents: 64,802.
Frequency of Responses: Reporting: On occasion; annually.
Total Burden Hours: 149,426.
Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2023-18965 Filed 8-31-23; 8:45 am]
BILLING CODE 3410-05-P
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