[Federal Register Volume 78, Number 150 (Monday, August 5, 2013)]
[Notices]
[Pages 47273-47274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-18690]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Inventory Property Management

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is seeking comments from all interested 
individuals and organizations on an extension with a revision of a 
currently approved information collection that supports Inventory 
Property Management. The information is used to evaluate applicant 
requests to purchase inventory property, determine eligibility to lease 
or purchase inventory property, and ensure the payment of the lease 
amount or purchase amount associated with the acquisition of inventory 
property. The revision to the information addresses the increase in the 
total amount of burden hours expected related to inventory property 
requests. The increase is due to an approximately 13 percent increase 
in the number of inventory properties being held by FSA since the 
previous approval request, and thus a higher number of responses. No 
additional forms, response actions or time increases were added as part 
of the revision.

DATES: We will consider comments that we receive by October 4, 2013.

[[Page 47274]]


ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number, the OMB control 
number, and the title of the information collection of this issue of 
the Federal Register. You may submit comments by any of the following 
methods:
     Federal eRulemaking Portal: Go to http://regulations.gov. 
Follow the online instructions for submitting comments.
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue SW., Washington, DC 20250-0503.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, Loan Specialist, Farm 
Service Agency, (202) 720-6834, or by email: [email protected].

SUPPLEMENTARY INFORMATION:
    Title: (7 CFR part 767) Farm Loan Programs--Inventory Property 
Management.
    OMB Number: 0560-0234.
    Expiration Date: 01/31/2014.
    Type of Request: Extension with a revision.
    Abstract: FSA's Farm Loan Programs provide supervised credit in the 
form of loans to family farmers to purchase real estate and equipment 
and finance agricultural production. Inventory Property Management, as 
specified in 7 CFR part 767, provides the requirements for the 
management, lease, and sale of security property acquired by FSA. FSA 
may take title to real estate as part of dealing with a problem loan 
either by entering a winning bid in an attempt to protect its interest 
at a foreclosure sale, or by accepting a deed of conveyance in lieu of 
foreclosure. Information collections established in the regulation are 
necessary for FSA to determine an applicant's eligibility to lease or 
purchase inventory property and to ensure the applicant's ability to 
make payment on the lease or purchase amount.
    The revision to the information collection simply reflects the 
increase in the total amount of burden hours expected related to 
inventory property requests. The increase is due to an approximately 13 
percent increase in the number of inventory properties being held by 
FSA since the previous approval request, and thus a higher number of 
responses. No additional forms, response actions or time increases were 
added as part of the revision.
    Estimate of Average Time to Respond: 44 minutes per response. The 
average travel time, which is included in the total annual burden, is 
estimated to be 1 hour per respondent.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 314.
    Estimated Number of Responses per Respondent: 1.03.
    Total Annual Responses: 325.
    Estimated Total Annual Burden Hours: 551.
    We are requesting comments on all aspects of this information 
collection to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of FSA, including whether the 
information will have practical utility;
    (2) Evaluate the accuracy of FSA's estimate of burden including the 
validity of the methodology and assumptions used;
    (3) Enhance the quality, utility, and clarity of the information to 
be collected;
    (4) 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.
    All responses to this notice, including name and addresses when 
provided, will be summarized and included in the request for OMB 
approval. All comments will also become a matter of public record.

    Signed on July 25, 2013.
Juan M. Garcia,
Administrator, Farm Service Agency.
[FR Doc. 2013-18690 Filed 8-2-13; 8:45 am]
BILLING CODE 3410-05-P