The Secretary shall establish a plan, in coordination with activities under sections 2006a, 2006b, 2006c, and 2006d of this title, to encourage each borrower with an outstanding loan under this subchapter or with respect to whom there is an outstanding guarantee under this subchapter to graduate to private commercial or other sources of credit.
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Source location: Title 7, Chapter 50, § 1961; chapter-050-agricultural-credit.md
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The Secretary shall establish a plan, in coordination with activities under sections 2006a, 2006b, 2006c, and 2006d of this title, to encourage each borrower with an outstanding loan under this subchapter or with respect to whom there is an outstanding guarantee under this subchapter to graduate to private commercial or other sources of credit.
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Federal law — U.S. Code and appendices · legal_authorities
§ 1961. Eligibility for loans
(a) Persons eligible
The Secretary shall make and insure loans
under this subchapter only to the extent and in
such amounts as provided in advance in appro-
priation Acts to (1) established farmers or
ranchers (including equine farmers or ranchers),
or persons engaged in aquaculture, who are citi-
zens of the United States and who are (in the
case of farm ownership loans in accordance with
subchapter I) owner-operators or operators, or
(in the case of loans for a purpose under sub-
chapter II) operators of not larger than family
farms, and (2) farm cooperatives, private domes-
tic corporations, partnerships, joint operations,
trusts, or limited liability companies, or such
other legal entities as the Secretary considers
appropriate (A) that are engaged primarily in
farming or ranching (including equine farming
or ranching) or aquaculture, and (B) in which a
majority interest is held by individuals who are
citizens of the United States and who are (in the
case of farm ownership loans in accordance with
subchapter I) owner-operators or operators, or
(in the case of loans for a purpose under sub-
chapter II) operators of not larger than family
farms (or in the case of such cooperatives, cor-
porations, partnerships, joint operations, trusts,
or limited liability companies, or other legal en-
tities in which a majority interest is held by in-
dividuals who are related by blood or marriage,
as defined by the Secretary, such individuals
must be either owners or operators of not larger
than a family farm and at least one such indi-
vidual must be an operator of not larger than a
family farm), where the Secretary finds that the
applicants’ farming, ranching, or aquaculture
operations have been substantially affected by