[20020620]RS21145_美国农业部农业贷款共享增值协议.pdf

1 The Farm Service Agency previously was known as the Farmers Home Administration(FmHA).2 An exemption of certain capital improvements was granted in a regulation published on August18, 2000. See “Regulatory Changes” below.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21145Updated June 20, 2002Shared Appreciation Agreements on USDA Farm LoansJerry HeykoopAgricultural Policy AnalystResources, Science, and Industry DivisionSummaryShared appreciation agreements are agreements between the U.S. Department ofAgriculture and borrowers who are unable to repay their debts. The agreements allowborrowers to have their debts “forgiven” temporarily and allow USDA to “share” in anyappreciation of the property at the end of the term. Disputes have arisen about theoriginal intent of Congress, with some borrowers suing in court to stop the U.S.Department of Agriculture from collecting payments. Recent regulatory changes haveattempted to aid farmers in fulfilling their agreements. The new farm bill contains aprovision to allow borrowers to restructure the amounts due.What are Shared Appreciation Agreements?When a borrower experi