[Federal Register Volume 75, Number 224 (Monday, November 22, 2010)]
[Notices]
[Page 71068]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29284]
[[Page 71068]]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
November 16, 2010.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
regarding (a) Whether the collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility; (b) the accuracy
of the agency's estimate of burden including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility and clarity of the information to be collected; (d) ways to
minimize the burden of the collection of information on those who are
to respond, including through the use of appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), [email protected] or
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these
information collections are best assured of having their full effect if
received within 30 days of this notification. Copies of the
submission(s) may be obtained by calling (202) 720-8958.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Farm Service Agency
Title: 7 CFR 765, Direct Loan Servicing--Regular.
OMB Control Number: 0560-0236.
Summary of Collection: Authority to establish the regulatory
requirements contained in 7 CFR 765, which provides that ``The Head of
an Executive department or military department may prescribe
regulations for the government of his department, the distribution and
performance of its business * * *'' The Secretary delegated authority
to administer the provisions of the Act applicable to the Farm Loan
Program (FLP) to the Under Secretary for Farm and Foreign Agricultural
Service in section 2.16 of 7 CFR part 2. FLP provides loans to family
farmers to purchase real estate equipment and finance agricultural
production. The regulations covered by this information collection
package describes, the policies and procedures the agency uses to
service most FLP loans to ensure borrowers are meeting the requirements
of their loan agreements.
Need and Use of the Information: Information requested under this
collection is submitted to the office serving the county in which their
business is headquartered. The information is used by the agency to
consider whether a borrower is in compliance with their loan covenants,
assist the borrower in achieving their business goals, conduct day-to-
day management of the agency's loan portfolio, and ensure that the
agency's interests are protected. Failure to collect the information or
collecting it less frequently could result in the failure of the farm
operation or loss of agency security property or position.
Description of Respondents: Business or other for-profit; Farms.
Number of Respondents: 53,344.
Frequency of Responses: Reporting: On occasion; Annually.
Total Burden Hours: 63,189.
Farm Service Agency
Title: 7 CFR 764, Direct Loan Making.
OMB Control Number: 0560-0237.
Summary of Collection: Authority to establish the regulatory
requirements contained in 7 CFR 764, which provides that ``The Head of
an Executive department or military department may prescribe
regulations for the government of his department, the distribution and
performance of its business * * *'' The Secretary delegated authority
to administer the provisions of the Act applicable to the Farm Loan
Program (FLP) to the Under Secretary for Farm and Foreign Agricultural
Service in section 2.16 of 7 CFR part 2. FLP provides loans to family
farmers to purchase real estate equipment and finance agricultural
production. The Farm Service Agency (FSA) also provides the
requirements associated with Farm Ownership, Operating, Emergency and
Farm Storage Facility loan programs.
Need and Use of the Information: Information is submitted by the
applicants to the local agency office serving the county in which their
business is headquartered. The information is necessary to thoroughly
evaluate the applicant's request for a direct loan and is used by
agency officials to: (1) Ensure that cash flow projections used in
determining loan repayment are based on the actual production history
of the operation, (2) Ensure that a loan is adequately secured, (3)
Ensure the applicant meets the statutorily established program
eligibility requirements, and (4) Obtain assignment on income or sales
proceeds, when appropriate, to ensure timely repayment of the loans. If
the information were not collected, or collected less frequently, the
agency would be unable to meet the congressionally mandated mission of
its loan programs.
Description of Respondents: Business or other for-profit; Farms.
Number of Respondents: 176,378.
Frequency of Responses: Reporting: On occasion; Annually.
Total Burden Hours: 310,347.
Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2010-29284 Filed 11-19-10; 8:45 am]
BILLING CODE 3410-05-P