StacksVerified U.S. regulatory reference

7 CFR §763.6

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)To qualify for a guarantee, the purchase price of the farm to be acquired through the land contract sale cannot exceed the lesser of:
    1. (1)$500,000 or
    2. (2)The current market value of the property.
  2. (b)A guarantee will not be issued if the appraised value of the farm is greater than $500,000.
  3. (c)Existing land contracts are not eligible for the Land Contract Guarantee Program.
  4. (d)Guarantees may not be used to establish or support a non-eligible enterprise.