Submission for OMB Review; Comment Request, 43806-43807 [2020-15626]

Agencies

• DEPARTMENT OF AGRICULTURE

[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