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Credit Pacific Service Union Under a proposed federal rule, select family farms in New Jersey might be ineligible for certain farm funding.

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Credit First Service Union The U.S. Department of Agriculture's Farm Service Agency is proposing a rule change that redefines what a "family farm" is for its direct lending and guaranteed loan programs.

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Card Credit Mobile Service Under the proposed change, an operation in New Jersey that earns more than $750,00 in gross income cannot be considered a "family farm" and would not qualify for those programs, which specifically benefit family farms.

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Card Credit Discover Service Those programs provided more than $7 million in funding to New Jersey farms in fiscal year 2003, according to Jim Radintz, FSA director of loan making.

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Credit Public Service Union "It's an issue of where you draw the line," said Radintz.

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Card Credit Processing Service Federal statutes limit FSA to providing assistance for family farmers only, but offer little guidance as to what actually constitutes a family farm, according to Radintz.

Center Credit Service Union "The whole thrust of what we've proposed is to streamline and make it easier for people who use our programs and who implement our programs," he said. "Our best shot was to come up with a way to make things objective."

Card Credit Service Wireless The proposed change caps what constitutes a family farm, excluding farms that earn more than $750,000 in gross income or are above the 95 percentile for gross income earners in a state, according to Radintz.

Credit Security Service Union According to date compiled by the FSA, the number of farmers impacted by the rule change would be small, said Radintz. All but the top 5 percent in gross sales per state could qualify as family farms, he said.

Credit Report Service There are 13,548 family- or individually-owned farms in New Jersey, according to data from the 2002 Census of Agriculture. Four hundred fifty-two of the total farms in New Jersey earned $500,000 or more in sales.

Blogspot Com Christian The rule change -- published Feb. 9 -- is subject to public comment until April 9. The New Jersey Farm Bureau is urging those concerned about the proposal to submit comments.

Christian Counseling Credit "It's excluding farms that really are family farms," said Liz Thompson, NJFB staff member. "Bigger isn't always bad."

Credit Federal Service Union Thompson warned that just because a farm's gross sales look good on paper doesn't mean that the operation is raking it in, and that FSA operating loans help such farms function as a business from year to year.

Credit Monitoring Service FSA direct lending and guaranteed loan programs help farmers purchase fertilizer, seeds, herbicides, pesticides, equipment -- even a parcel of nearby land to increase a farm's size, she said.

Credit Division Service "In many cases, it's a matter of absolute survival," said Thompson.

Card Credit Online Service In fiscal year 2003, FSA contributed $1.43 million in operating loans to Garden State farms for spring planning and equipment costs, according to Radintz. It also provided $64,000 in direct ownership loans for purchasing real estate.

Consumer Counseling Credit Inc FSA guaranteed operating loans -- made through banks -- totaled $2.32 million, and guaranteed ownership loans totaled $3.01 million.

Card Credit Fleet Service FSA also provide New Jersey with $503,000 in disaster recovery loans last fiscal year. Under the new rule, farms with gross sales exceeding $750,000 would be ineligible for this loan, but would still be eligible for other FSA disaster programs.

Card Consolidation Credit If adopted, the proposal could go into effect late this calendar year, according to Radintz, who added that the FSA is currently considering a proposal to extend the rule change's public comment period.

Credit Free Online Report By Martin C. Bricketto
Trenton Times - 4/4/2004

Topic: Agriculture

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