7 CFR § 765.353 - Determining market value.
---
identifier: "/us/cfr/t7/s765.353"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 765.353 - Determining market value."
title_number: 7
title_name: "Agriculture"
section_number: "765.353"
section_name: "Determining market value."
chapter_name: "FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE"
subchapter_number: "D"
subchapter_name: "SPECIAL PROGRAMS"
part_number: "765"
part_name: "DIRECT LOAN SERVICING—REGULAR"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301 and 7 U.S.C. 1989."
regulatory_source: "72 FR 63309, Nov. 8, 2007, unless otherwise noted."
cfr_part: "765"
---
# 765.353 Determining market value.
(a) *Security proposed for disposition.* (1) The Agency will obtain an appraisal of the security proposed for disposition.
(2) The Agency may waive the appraisal requirement when the estimated value is less than $50,000.
(b) *Security remaining after disposition.* The Agency will obtain an appraisal of the remaining security if it determines that the transaction will reduce the value of the remaining security.
(c) *Appraisal requirements.* Appraisals, when required, will be conducted in accordance with § 761.7 of this chapter.
[72 FR 63309, Nov. 8, 2007, as amended at 86 FR 43392, Aug. 9, 2021]