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Abstract

The Farm Service Agency's (FSA) guaranteed loan programs are intended to serve less creditworthy farmers. Specifically, loans are intended for borrowers who could not obtain credit from conventional sources at reasonable rates and terms without the presence of a guarantee. The targeting of FSA's guaranteed lending programs is analyzed by examining the usage of FSA loan guarantees by targeted and non-targeted groups of farmers. Also, the differences in the usage of FSA's guarantee program between lender groups and regions are examined.

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