7 U.S. Code § 2008b

7 U.S. Code § 2008b is about Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers. It is under Subchapter IV (Administrative Provisions) of Chapter 50 (Agricultural Credit) of Title 7 (Agriculture) of the Code.

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.