7 CFR § 763.6 - Limitations.

---
identifier: "/us/cfr/t7/s763.6"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 763.6 - Limitations."
title_number: 7
title_name: "Agriculture"
section_number: "763.6"
section_name: "Limitations."
chapter_name: "FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE"
subchapter_number: "D"
subchapter_name: "SPECIAL PROGRAMS"
part_number: "763"
part_name: "LAND CONTRACT GUARANTEE PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 501 and 7 U.S.C. 1989."
regulatory_source: "76 FR 75430, Dec. 2, 2011, unless otherwise noted."
cfr_part: "763"
---


# 763.6 Limitations.

(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) $500,000 or

(2) The current market value of the property.

(b) A guarantee will not be issued if the appraised value of the farm is greater than $500,000.

(c) Existing land contracts are not eligible for the Land Contract Guarantee Program.

(d) Guarantees may not be used to establish or support a non-eligible enterprise.