Submission for OMB Review; Comment Request, 60430 [2023-18965]

Agencies

• DEPARTMENT OF AGRICULTURE

[Federal Register Volume 88, Number 169 (Friday, September 1, 2023)]
[Notices]
[Page 60430]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-18965]


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Notices
                                                Federal Register
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This section of the FEDERAL REGISTER contains documents other than rules 
or proposed rules that are applicable to the public. Notices of hearings 
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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 
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: 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:
     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.
     Ensure that the loan repayment plan is developed using 
realistic data, based on the operation's actual history and any planned 
improvements.
     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