United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-01-10 monographic deposited born digital 26 p. GA 1.13:GAO-01-202 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-202 P0b002ee18038cd2d f:d01202 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-01-202 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-202 GAO-01-202 Farm credit Agricultural programs Direct loans Government guaranteed loans Delinquent loans Losses Loan defaults FSA Direct Farm Loan Program Letter Report The Farm Service Agency (FSA), a leading agency within the Department of Agriculture, provides financial assistance to farmers and ranchers who are unable to obtain commercial credit at reasonable rates and terms. This is done by providing direct government-funded loans and repayment guarantees on farm loans made by commercial lenders. During the 1990s, GAO issued a series of reports highlighting the substantial financial risk associated with FSA's farm loan programs and multibillion-dollar portfolio. GAO recently reviewed FSA's farm loan programs to determine the outstanding principal owed on direct and guaranteed farm loans at the end of fiscal year 2000 and the losses incurred by FSA on direct and guaranteed farm loans in the same year. GAO found that FSA had more than $16.6 billion in outstanding farm loans as of September 2000. Farm loan losses incurred by FSA during fiscal year 2000 totalled about $486 million. Both figures represent a significant decrease when compared to figures for previous fiscal years. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-202/html/GAOREPORTS-GAO-01-202.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-202/pdf/GAOREPORTS-GAO-01-202.pdf GAO-01-202 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-202 Letter Report GAO-01-202; Farm Service Agency: Updated Status of the; Farm credit Agricultural programs Direct loans Government guaranteed loans Delinquent loans Losses Loan defaults FSA Direct Farm Loan Program Public Law 87-128 Public Law 104-127 Public Law 105-277 Public Law 106-31 Public Law 106-224 Public Law 106-387