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 <subject>Agricultural assistance</subject>
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 <subject>Farm credit</subject>
 <subject>Farm credit banks</subject>
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 <title>Farm Credit Administration: Oversight of Special Mission to Serve Young, Beginning, and Small Farmers Needs to Be Improved</title>
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<abstract>GAO reviewed the Farm Credit Administration&apos;s (FCA) regulation of
the Farm Credit System (System) to ensure compliance with its	 
statutory mission to serve young, beginning, and small farmers	 
(YBS). FCA has issued YBS-related policies and guidance, designed
and implemented a YBS examination protocol, and examined	 
institutions for compliance with YBS requirements. However, FCA  
has not promulgated regulations to define standards and clarify  
what constitutes an acceptable YBS program. GAO also found that  
FCA failed to follow examination procedures and document	 
examination conclusions in the YBS program. Slightly more than	 
half of the institutions in the System had a YBS program or	 
service in place. Nearly one third had set numerical goals for	 
YBS service, although most were not conducting demographic	 
studies. Half had YBS marketing and outreach efforts in place,	 
and most were coordinating their YBS offerings with federal,	 
state, or other governmental or private credit sources.</abstract>
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