The Consolidated Farm and Rural Development Act of 1972 or Con Act (P.L. 92-419) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA). The legislation was originally enacted as the

Consolidated Farmers Home Administration Act of 1961 The Consolidated Farm and Rural Development Act of 1961 (P.L. 87-128) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA), but now through the Farm Service Agency. The ...

(P.L. 87-128). In 1972, this title was changed to the Consolidated Farm and Rural Development Act, and is often referred to as the Con Act. The H.R. 12931

legislation Legislation is the process or result of enrolling, enacting, or promulgating laws by a legislature, parliament, or analogous governing body. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to ...

was passed by the 92nd U.S. Congressional session and enacted by the

37th President of the United States Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 to 1974. A member of the Republican Party, he previously served as a representative and senator from California and was t ...

Richard Nixon Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 to 1974. A member of the Republican Party, he previously served as a representative and senator from California and was t ...

on August 30, 1972. The Con Act, as amended, currently serves as the authorizing statute for USDA's agricultural and rural development lending programs. The Act includes current authority for the following three major

Farm Service Agency The Farm Service Agency (FSA) is the United States Department of Agriculture agency that was formed by merging the farm loan portfolio and staff of the Farmers Home Administration (FmHA) and the Agricultural Stabilization and Conservation Service ...

(FSA) farm loan programs: farm ownership loans,

farm operating loans The Consolidated Farm and Rural Development Act (P.L. 92-419, Subtitle B, as amended; 7 U.S.C. 1941-1943), authorizes the Farm Service Agency (FSA) (formerly FmHA) to make direct and guaranteed farm operating loans. Applicants must be family-sized ...

, and

emergency disaster loans When a county has been declared a disaster area, by either the President or the Secretary of Agriculture The United States secretary of agriculture is the head of the United States Department of Agriculture. The position carries similar respons ...

. Also the Act authorizes rural development loans and grants. (7 U.S.C. 1921 et seq.).

References

External links

* * * * United States federal agriculture legislation 1972 in law 1972 in the United States 92nd United States Congress {{US-fed-statute-stub

See also

References

External links