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7 U.S.C. 2008b: Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchersText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 7-AGRICULTURECHAPTER 50-AGRICULTURAL CREDIT
Jump To: Source CreditEditorial NotesPrior Provisions

§2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.

( Pub. L. 87–128, title III, § 367 , as added Pub. L. 115–334, title V, § 5306 , Dec. 20, 2018 , 132 Stat. 4673 .)

Editorial Notes

Prior Provisions

A prior section 2008b, Pub. L. 87–128, title III, § 367, as added Pub. L. 101–624, title XXIII, § 2317, Nov. 28, 1990, 104 Stat. 4008; amended Pub. L. 102–237, title VII, § 701(g), Dec. 13, 1991, 105 Stat. 1879, related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, § 755, Apr. 4, 1996, 110 Stat. 1131.