Farm Agency Updates Inventory Info Collection Process
Published Date: 4/13/2026
Notice
Summary
The Farm Service Agency is updating how it collects info about inventory property, like land and equipment, to make sure buyers and leasers qualify and pay properly. This affects farmers and organizations involved in buying or leasing farm property. They’re asking for comments by June 12, 2026, to help improve the process without adding extra costs or delays.
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Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New Paperwork for Buying/Leasing FSA Property
If you apply to buy or lease Farm Service Agency (FSA) inventory property, you must provide information that FSA uses to determine eligibility and ensure payment. The collection is OMB No. 0560-0234 (expires July 31, 2026); FSA estimates 202 annual respondents, 202 total annual responses, an average 0.56 hours per response, and 113 total annual burden hours.
Resumed FSA Property Sales Increase Paperwork
FSA says it has resumed the sale of inventory properties and revised upward the projected number of properties to be sold annually. Although total inventory properties decreased 20.45 percent since the last collection, FSA reports that the increase in responses and burden hours is driven by the higher estimated annual sales and the anticipated rate of new acquisitions.
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