7 U.S.C. § 2008b
Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2026–2026 · leading case: Dep't of Agric. Preferences for "Socially Disadvantaged" Groups.
Dep't of Agric. Preferences for "Socially Disadvantaged" Groups (OLC 2026). “USDA has rescinded regulations that had implemented such preferences under the authority of 7 U.S.C. § 2008b and 16 U.S.C. §§ 3835 and 3844—among other provisions covered by DOJ’s 530D letter—based on a similar conclusion of unconstitu- tionality.”
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