GroundRules
7 CFR 763.6: Limitations.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
- SUBCHAPTER D—SPECIAL PROGRAMS
- PART 763—LAND CONTRACT GUARANTEE PROGRAM
(a) To qualify for a guarantee, the purchase price of the farm to be acquired through the land contract sale cannot exceed the lesser of:
(1) $500,000 or
(2) The current market value of the property.
(b) A guarantee will not be issued if the appraised value of the farm is greater than $500,000.
(c) Existing land contracts are not eligible for the Land Contract Guarantee Program.
(d) Guarantees may not be used to establish or support a non-eligible enterprise.
Collected 2026-08-27T02:24:01Z. Source file · JSON