Editorial Notes
References in Text
This chapter, referred to in text, was in the original “this title”, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see Short Title note set out below and Tables.
Codification
Section is comprised of subsec. (b) of section 301 of Pub. L. 87–128. Subsec. (a) of such section 301 is set out as a Short Title note below.
Statutory Notes and Related Subsidiaries
Effective Date
Former section 300.1 of Title 6, Code of Federal Regulations, promulgated on Oct. 15, 1961, by the Administrator of the Farmers Home Administration, published in 26 F.R. 10031, provided: “The Consolidated Farmers Home Administration Act of 1961 (7 U.S.C. 1921) [this chapter], is hereby made effective on October 15, 1961, except (a) as to its authorizations to make and sell insured loans with 4½ percent yield to the lender and a three-year repurchase agreement which was made effective by regulations issued on September 13, 1961 (26 F.R. 9307), pursuant to assignment of functions contained in 26 F.R. 7888, and (b) that the provisions of Title IV of the Bankhead-Jones Farm Tenant Act which requires mineral reservations in lands disposed of under Title III of that Act [sections 1010 to 1012 and 1013a of this title] shall not become effective until December 7, 1961.” See section 341(a) of Pub. L. 87–128, set out as a note under this section.
Short Title of 1992 Amendment
Pub. L. 102–554, § 1(a), Oct. 28, 1992, 106 Stat. 4142, provided that:
“This Act [enacting sections
1935,
1936,
1948,
1949, and
2008d of this title, amending sections
1925,
1926c,
1929,
1932,
1981d,
1982,
1983,
1983a,
1985,
1989,
1991,
1994,
2003, and
5102 of this title, and enacting provisions set out as notes under sections
1929 and
1989 of this title] may be cited as the ‘
Agricultural Credit Improvement Act of 1992’.”
Short Title of 1984 Amendment
Pub. L. 98–258, title VI, § 601, Apr. 10, 1984, 98 Stat. 138, provided that:
“This title [enacting
section 1981b of this title, amending sections 1943, 1946, 1961, 1964, 1986, and 1994 of this title, enacting provisions set out as notes under sections 1961 and 1981 of this title, and amending provisions set out as a note preceding
section 1961 of this title] may be cited as the ‘
Emergency Agricultural Credit Act of 1984’.”
Short Title of 1978 Amendment
Pub. L. 95–334, § 1, Aug. 4, 1978, 92 Stat. 420, provided:
“That this Act [enacting sections
1929b,
1934,
1981a,
1994, and
1995 of this title and sections 2201 to 2205 of Title 16, Conservation, amending sections
1309,
1922,
1924 to
1927,
1929,
1929a,
1932,
1941 to
1943,
1946,
1961,
1964,
1968,
1981,
1983,
1991, and
2908 of this title, repealing
section 1965 of this title, and enacting provisions set out as notes under this section and sections 1309, 1926, preceding 1961, and 1964 of this title and
section 2201 of Title 16] may be cited as the ‘
Agricultural Credit Act of 1978’.”
Short Title of 1972 Amendment
Pub. L. 92–419, § 1, Aug. 30, 1972, 86 Stat. 657, provided:
“That this Act [enacting sections
1010a,
1929a,
1931 to
1933,
1947,
1992,
2204a,
2212a,
2651 to
2654, and
2661 to
2668 of this title, amending sections
1006a,
1011,
1924 to
1927,
1929,
1941 to
1943,
1981,
1983,
1985,
1991,
2201, and
2204 of this title,
section 5315 of Title 5, Government Organization and Employees, sections 590g, 590h, 590
o, and 1001 to 1005 of Title 16, Conservation, and
section 3122 of Title 42, The Public Health and Welfare, and amending provisions set out as a note under this section] may be cited as the ‘
Rural Development Act of 1972’.”
Short Title
Pub. L. 87–128, title III, § 301(a), Aug. 8, 1961, 75 Stat. 307, as amended by Pub. L. 92–419, title I, § 101, Aug. 30, 1972, 86 Stat. 657, provided that:
“This title [enacting this section and sections
1013a,
1922 to
1933,
1941 to
1947,
1961 to
1968,
1969,
1970,
1971, and
1981 to
1993 of this title, amending sections
1924 to
1927,
1929,
1941 to
1943,
1981,
1983,
1985, and
1991 of this title, repealing sections
1001 to
1005d,
1006c to
1006e,
1007,
1008,
1009,
1014 to
1025,
1027 to
1029 of this title, sections 1148a–1 to 1148a–3 of Title 12, Banks and Banking, and sections 590r to 590x–4 of Title 16, Conservation, and enacting provisions set out as a note under this section] may be cited as the ‘
Consolidated Farm and Rural Development Act’.”
Farm Loan Assistance for Socially Disadvantaged Farmers and Ranchers
Pub. L. 117–2, title I, § 1005, Mar. 11, 2021, 135 Stat. 12, which related to loan modifications and payments for socially disadvantaged farmers and ranchers, was repealed by Pub. L. 117–169, title II, § 22008, Aug. 16, 2022, 136 Stat. 2023.
Regulations
Pub. L. 101–624, title XXIII, § 2396, Nov. 28, 1990, 104 Stat. 4058, provided that:
“Except as otherwise provided in this title [see Short Title of 1990 Amendment note set out above], no later than 180 days after the date of the enactment of this Act [Nov. 28, 1990], the Secretary shall promulgate such regulations as may be necessary to carry out this title and the amendments made by this title.”
Preservation of Eligibility for Credit Assistance Under Federal Law
Pub. L. 101–624, title XXIII, § 2395, Nov. 28, 1990, 104 Stat. 4058, provided that:
“Notwithstanding any other provision of law, this title [see Short Title of 1990 Amendment note set out above] shall not be construed to adversely affect the eligibility, as it existed on the date of enactment of this Act [Nov. 28, 1990], of cooperatives and other entities for any other credit assistance under Federal law.”
Use of Qualified Personnel by the Department of Agriculture
Pub. L. 95–334, title I, § 126, Aug. 4, 1978, 92 Stat. 429, provided that:
“It is the sense of Congress that, in carrying out the provisions of the Consolidated Farm and Rural Development Act [see Short Title note set out above], the Secretary of Agriculture should ensure that—
“(1)
only officers and employees of the
Department of Agriculture who are adequately prepared to understand the particular needs and problems of
farmers in an area are assigned to such area; and
“(2)
a high priority is placed on keeping existing farm operations operating.”
References in Other Laws to Bankhead-Jones Farm Tenant Act or Water Facilities Act; Repeals; Savings and Separability Provisions
Pub. L. 87–128, title III, § 341, Aug. 8, 1961, 75 Stat. 318, provided that:
“(a)
Reference to any provisions of the
Bankhead-Jones Farm Tenant Act [see
section 1000 of this title] or the Act of
August 28, 1937 (
50 Stat. 869), as amended, superseded by any provision of this title [this chapter] shall be construed as referring to the appropriate provision of this title [this chapter]. Titles I, II, and IV of the
Bankhead-Jones Farm Tenant Act, as amended, and the Act of
August 28, 1937 (
50 Stat. 869), as amended, the Act of
April 6, 1949 (
63 Stat. 43), as amended, and the Act of
August 31, 1954 (
68 Stat. 999), as amended, are hereby repealed effective one hundred and twenty days after enactment hereof [
Aug. 8, 1961], or such earlier date as the provisions of this title [this chapter] are made effective by the Secretary’s regulations except that the repeal of section 2(c) of the Act of April 6, 1949, shall not be effective prior to
January 1, 1962. The foregoing provisions shall not have the effect of repealing the amendments to section 24, chapter 6 of the
Federal Reserve Act [
section 371 of Title 12], as amended, section 5200 of the Revised Statutes [
section 84 of Title 12], section 35 of chapter III of the Act approved
June 19, 1934 (D.C. Code, title 35, section 535), enacted by section 15 of the
Bankhead-Jones Farm Tenant Act, as amended, and by section 10(f) of the Act of August 28, 1937 (
50 Stat. 869), as amended.
“(b) The repeal of any provision of law by this title [this chapter] shall not—
“(1)
affect the validity of any action taken or obligation entered into pursuant to the authority of any of said Acts, or
“(2)
prejudice the application of any person with respect to receiving assistance under the provisions of this title [this chapter], solely because such person is obligated to the Secretary under authorization contained in any such repealed provision.
“(c)
If any provision of this title [this chapter] or the application thereof to any person or circumstances is held invalid, the remainder of the title [this chapter] and the application of such provision to other persons or circumstances shall not be affected thereby.”
