Purpose
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
The purpose of borrower training is to help an applicant develop and improve skills necessary to:
(a) Successfully operate a farm;
(b) Build equity in the operation; and
(c) Become financially successful and prepared to graduate from Agency financing to commercial sources of credit.
[72 FR 63298, Nov. 8, 2007, as amended at 89 FR 65041, Aug. 8, 2024]
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.