S. 1489 — A bill to prohibit the sale of farmland administered by the Farmers Home Administration at less than fair market value.

Summary

Amends the Consolidated Farm and Rural Development Act to require that Farmers Home Administration-held land be offered for sale: (1) to family farm sized operators; and (2) at not less than fair market value.

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Legislative Actions

1989-08-03
Introduced in Senate
1989-08-03
Read twice and referred to the Committee on Agriculture.
1990-01-17
Referred to Subcommittee on Agricultural Credit.

A bill to prohibit the sale of farmland administered by the Farmers Home Administration at less than fair market value.

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Summary

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