{"data":{"id":"us/7-cfr-763.6","jurisdiction":"us","citation":"7 CFR 763.6","heading":"Limitations.","body":"(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:\n(1) $500,000 or\n(2) The current market value of the property.\n(b) A guarantee will not be issued if the appraised value of the farm is greater than $500,000.\n(c) Existing land contracts are not eligible for the Land Contract Guarantee Program.\n(d) Guarantees may not be used to establish or support a non-eligible enterprise.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"b99cc401aae151bc6b9ddb80d1f266654e9fef13149a40b54c0ab4e4896847cc","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-763.5","next":"us/7-cfr-763.7"},"notice":"GroundRules: Original legal text. Not legal advice."}