[Federal Register Volume 85, Number 139 (Monday, July 20, 2020)]
[Notices]
[Pages 43806-43807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15626]
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Notices
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
delegations of authority, filing of petitions and applications and agency
statements of organization and functions are examples of documents
appearing in this section.
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Federal Register / Vol. 85, No. 139 / Monday, July 20, 2020 /
Notices
[[Page 43806]]
DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
July 15, 2020.
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 August
19, 2020 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
www.reginfo.gov/public/do/PRAMain. 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: Guaranteed Farm Loans.
OMB Control Number: 0560-0155.
Summary of Collection: The Consolidated Farm and Rural Development
Act (CONACT), as amended, authorize the Secretary of Agriculture to
make and service loans guaranteed by the Farm Service Agency (FSA) to
eligible farmers and ranchers. The statutory authority for the
guaranteed loan program is set out in the Code of Federal Regulations
(CFR), title 7, chapter VII, part 762. The loans made and serviced
under 7 CFR part 762 include farm operating, farm ownership loans. FSA
also provides guarantees of loans made by private sellers of a farm or
ranch on a land contract sales basis. 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 in accordance with statutory requirements of the CONACT as
specified in the 2008 Farm Bill.
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: 14,357.
Frequency of Responses: Reporting: Other (when applying for loans).
Total Burden Hours: 165,724.
Farm Service Agency
Title: 7 CFR 765, Direct Loan Servicing--Regular.
OMB Control Number: 0560-0236.
Summary of Collection: Authority to establish the regulatory
requirements contained in 7 CFR part 765 is provided under 5 U.S.C.
301, which provides that ``The Head of an Executive department or
military department may prescribe regulations for the government of his
department, the distribution and performance of its business . . .''
The Secretary delegated authority to administer the provisions of the
applicable to the Farm Loan Program (FLP) to the Under Secretary for
Farm and Foreign Agricultural Service in Sec. 2.16 of 7 CFR part 2.
FLP provides loans to family farmers to purchase real estate equipment
and finance agricultural production. The regulations covered by this
information collection request describes, the policies and procedures
FLP uses to service most FLP loans to ensure borrowers are meeting the
requirements of their loan agreements.
Need and Use of the Information: Information requested under this
collection is submitted by borrowers to the local agency office serving
the county in which their business is headquartered. The information is
used by FLP to manage application of proceeds from the sale of agency
security, consider whether a borrower is in compliance with their loan
covenants, assist the borrower in achieving their business goals,
conduct day-to-day management of the agency's loan portfolio, and
ensure that the agency's interests are protected. 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 or
position.
Description of Respondents: Business or other for-profit; farms.
Number of Respondents: 94,121.
Frequency of Responses: Reporting: On occasion; annually.
Total Burden Hours: 30,315.
Farm Service Agency
Title: Farm Loan Program, General Program Administration.
OMB Control Number: 0560-0238.
Summary of Collection: Authority to establish the regulatory
requirements contained in 7 CFR part 761 and 7 CFR part 763, is derived
from 5 U.S.C. 301 which provides that ``The Head of an Executive
department or military department may prescribe regulations for the
government of his department, the distribution and performance of its
business . . .'' The Secretary delegated authority to administer the
provisions of the Act applicable to the Farm Loan
[[Page 43807]]
Program (FLP) to the Under Secretary for Farm and Foreign Agricultural
Service in Sec. 2.16 of 7 CFR part 2. FLP provides loans to family
farmers to purchase real estate equipment and finance agricultural
production. The regulations covered by this information collection
package describes, the policies and procedures the agency uses to
provide supervised credit to direct FLP applicants and borrowers in
accordance with the provisions of the Consolidated Farm and Rural
Development Act (Pub. L. 87-128), as amended.
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 Agency Officials to: (1) 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 Agency's financial interest. (2)
Ensure that the loan repayment plan is developed using realistic data,
based on the actual history of the operation and any planned
improvements. (3) 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 agency 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: 168,029.
Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2020-15626 Filed 7-17-20; 8:45 am]
BILLING CODE 3410-05-P