7 U.S.C. § 1924
Section 1924 · Conservation loan and loan guarantee program
Current version, with additions and removals from the June 18, 2008 version.
The Secretary may make or guarantee qualified conservation loans to eligible borrowers under this section.
The Secretary may make or guarantee qualified conservation loans to eligible borrowers under this section.
In this section:
In this section:
(1) Qualified conservation loan
(1) Qualified conservation loan
The term “qualified conservation loan” means a loan, the proceeds of which are used to cover the costs to the borrower of carrying out a qualified conservation project.
The term "qualified conservation loan" means a loan, the proceeds of which are used to cover the costs to the borrower of carrying out a qualified conservation project.
(2) Qualified conservation project
(2) Qualified conservation project
The term “qualified conservation project” means conservation measures that address provisions of a conservation plan of the eligible borrower.
The term "qualified conservation project" means conservation measures that address provisions of a conservation plan of the eligible borrower.
(3) Conservation plan
(3) Conservation plan
The term “conservation plan” means a plan, approved by the Secretary, that, for a farming or ranching operation, identifies the conservation activities that will be addressed with loan funds provided under this section, including—
The term "conservation plan" means a plan, approved by the Secretary, that, for a farming or ranching operation, identifies the conservation activities that will be addressed with loan funds provided under this section, including—
(A) the installation of conservation structures to address soil, water, and related resources;
(A) the installation of conservation structures to address soil, water, and related resources;
(B) the establishment of forest cover for sustained yield timber management, erosion control, or shelter belt purposes;
(B) the establishment of forest cover for sustained yield timber management, erosion control, or shelter belt purposes;
(C) the installation of water conservation measures;
(C) the installation of water conservation measures;
(D) the installation of waste management systems;
(D) the installation of waste management systems;
(E) the establishment or improvement of permanent pasture;
(E) the establishment or improvement of permanent pasture;
(F) compliance with section 3812 of title 16; and
(F) compliance with section 3812 of title 16; and
(G) other purposes consistent with the plan, including the adoption of any other emerging or existing conservation practices, techniques, or technologies approved by the Secretary.
(G) other purposes consistent with the plan, including the adoption of any other emerging or existing conservation practices, techniques, or technologies approved by the Secretary.
(1) In general
(1) In general
(2) Requirements
(2) Requirements
In making or guaranteeing loans under this section, the Secretary shall give priority to—
In making or guaranteeing loans under this section, the Secretary shall give priority to—
(1) qualified beginning farmers or ranchers and socially disadvantaged farmers or ranchers;
(1) qualified beginning farmers or ranchers and socially disadvantaged farmers or ranchers;
(2) owners or tenants who use the loans to convert to sustainable or organic agricultural production systems; and
(2) owners or tenants who use the loans to convert to sustainable or organic agricultural production systems; and
(3) producers who use the loans to build conservation structures or establish conservation practices to comply with section 3812 of title 16.
(3) producers who use the loans to build conservation structures or establish conservation practices to comply with section 3812 of title 16.
(1) 80 percent of the principal amount of the loan; or
(2) in the case of a producer that is a qualified socially disadvantaged farmer or rancher or a beginning farmer or rancher, 90 percent of the principal amount of the loan.
The Secretary shall ensure, to the maximum extent practicable, that loans made or guaranteed under this section are distributed across diverse geographic regions.
The Secretary shall ensure, to the maximum extent practicable, that loans made or guaranteed under this section are distributed across diverse geographic regions.
The provisions of paragraphs (1) and (3) of section 1983 of this title shall not apply to loans made or guaranteed under this section.
The provisions of paragraphs (1) and (3) of section 1983 of this title shall not apply to loans made or guaranteed under this section.