qualified beginning farmer or rancher

(11)The term “qualified beginning farmer or rancher” means an applicant, regardless of whether the applicant is participating in a program under— (A)who is eligible for assistance under this chapter; (B)who has not operated a farm or ranch, or who has operated a farm or ranch for not more than 10 years; (C)in the case of a cooperative, corporation, partnership, joint operation, or such other legal entity as the Secretary considers appropriate, who has members, stockholders, partners, joint operators, or owners, who are all related to one another by blood or marriage; (E)who agrees to participate in such loan assessment, borrower training, and financial management programs as the Secretary may require; (F)who does not own land or who, directly or through interests in family farm corporations, owns land, the aggregate acreage of which does not exceed 30 percent of the average acreage of the farms or ranches, as the case may be, in the county in which the farm or ranch operations of the applicant are located, as reported in the most recent census of agriculture, except that this subparagraph shall not apply to a loan made or guaranteed under subchapter II; and (G)who demonstrates that the available resources of the applicant and spouse (if any) of the applicant are not sufficient to enable the applicant to continue farming or ranching on a viable scale.

Source

7 USC § 1991(a)(11)


Scoping language

As used in this chapter
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