[Federal Register Volume 69, Number 219 (Monday, November 15, 2004)]
[Rules and Regulations]
[Page 65520]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-25285]



[[Page 65520]]

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DEPARTMENT OF AGRICULTURE

Rural Housing Service

Rural Business-Cooperative Service

Rural Utilities Service

Farm Service Agency

7 CFR Part 1955

RIN 0560-AG78


2002 Farm Bill Regulations--General Credit Provisions; Correction

AGENCIES: Rural Housing Service, Rural Business-Cooperative Service, 
Rural Utilities Services, and Farm Service Agency, USDA.

ACTION: Final rule; correcting amendment.

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SUMMARY: This document corrects the final regulations published in the 
Federal Register on February 18, 2003, implementing certain provisions 
of the Farm Security and Rural Investment Act of 2002 (2002 Act).

DATES: Effective Date: February 18, 2003.

FOR FURTHER INFORMATION CONTACT: Constance Beckwith, Senior Loan 
Officer, USDA/FSA/DAFLP/LSPMD/STOP 0523, Washington DC 20250-0523; 
telephone 202-720-9769; Facsimile: 202-690-1196; E-mail: [email protected]. Persons with disabilities who require 
alternative means for communication (Braille, large print, audio tape, 
etc.) should contact the USDA Target Center at (202) 720-2600 (voice 
and TDD).

SUPPLEMENTARY INFORMATION:

Background

    Section 5310 of the 2002 Act changed the definition of qualified 
beginning farmer or rancher by increasing the acres of land that these 
applicants could own to a maximum of 30 (instead of 25) percent of the 
average farm or ranch size in the county.

Need for Correction

    As published, the final regulations amended the definition of 
``Beginning farmer or rancher'' in 7 CFR 762.102, 1941.4 and 1943.4 to 
comply with the requirements of the 2002 Act. The definition of 
``Beginning farmer or rancher'' is also included in 7 CFR 1955.103; 
however, the necessary amendment was inadvertently not included in the 
February 18, 2003, final rule.

List of Subjects in 7 CFR Part 1955

    Government acquired property, Sale of government acquired property, 
Surplus government property.


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Accordingly, chapter XVIII, title 7, Code of Federal Regulations is 
corrected as follows:

PART 1955--PROPERTY MANAGEMENT

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1. The authority citation for part 1955 continues to read as follows:

    Authority: 5 U.S.C. 301; 7 U.S.C. 1989, 42 U.S.C. 1480.

Subpart C--Disposal of Inventory Property

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2. Amend Sec.  1955.103 by removing the number ``25'' from the first 
sentence of paragraph (5) of the definition ``Beginning farmer or 
rancher'' and adding in its place the number ``30.''

    Dated: November 5, 2004.
Gilbert Gonzales,
Acting Under Secretary for Rural Development.
    Dated: November 3, 2004.
J.B. Penn,
Under Secretary for Farm and Foreign Agricultural Services.
[FR Doc. 04-25285 Filed 11-12-04; 8:45 am]
BILLING CODE 3410-05-P