United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Resources, Community, and Economic Development Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-02-08 monographic deposited born digital GA 1.13:RCED-94-94FS https://www.govinfo.gov/app/details/GAOREPORTS-RCED-94-94FS P0b002ee18038ff88 f:rc94094f DGPO 2010-08-12 2011-03-23 GAOREPORTS-RCED-94-94FS machine generated eng fdlp REPORT GAOREPORTS-RCED-94-94FS RCED-94-94FS Farm credit Loan defaults Direct loans Government guaranteed loans Risk management Cost accounting standards compliance Agricultural programs Delinquent loans Program abuses FmHA Guaranteed Farm Loan Program Other Written Product RCED As of September 1993, the Farmers Home Administration's (FmHA) outstanding direct and guaranteed loans to American farmers totaled nearly $19 billion; about 29 percent of this, or $5.4 billion, was held by delinquent borrowers who were behind on their loan payments. During fiscal years 1991-93, FmHA lost $5 billion by reducing the delinquent debt of direct loan borrowers and paid losses on guaranteed loans of about $160 million. During this same period, FmHA made about $55 million in new direct loans to 936 borrowers after it had reduced or forgiven about $133 on their previous loans. As of September 1993, about 21 percent of these borrowers were delinquent on their new loans. FmHA also made about $60 million in new guaranteed loans to 408 borrowers during fiscal years 1991-93 after it had lost $67 million on their previous guaranteed and direct loans. As of September 1993, about four percent of these borrowers were delinquent on their new guaranteed loans. FmHA loaned another $90 million during fiscal years 1991-93 under a policy that allows delinquent borrowers to obtain new direct loans for operating expenses. https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-94-94FS/html/GAOREPORTS-RCED-94-94FS.htm GAO/RCED-94-94FS https://www.govinfo.gov/app/details/GAOREPORTS-RCED-94-94FS Other Written Product GAO/RCED-94-94FS; Farmers Home Administration: Farm Loans to Delinquent Borrowers; Farm credit Loan defaults Direct loans Government guaranteed loans Risk management Cost accounting standards compliance Agricultural programs Delinquent loans Program abuses FmHA Guaranteed Farm Loan Program Public Law 100-71 Public Law 100-233