# 2002 Farm Bill Regulations—General Credit Provisions; Correction
**AGENCIES:**
Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Services, and Farm Service Agency, USDA.
**ACTION:**
Final rule; correcting amendment.
**SUMMARY:**
This document corrects the final regulations published in the *Federal Register* on February 18, 2003, implementing certain provisions of the Farm Security and Rural Investment Act of 2002 (2002 Act).
**DATES:**
*Effective Date:* February 18, 2003.
**FOR FURTHER INFORMATION CONTACT:**
Constance Beckwith, Senior Loan Officer, USDA/FSA/DAFLP/LSPMD/STOP 0523, Washington DC 20250-0523; telephone 202-720-9769; Facsimile: 202-690-1196; E-mail: *[email protected].* Persons with disabilities who require alternative means for communication (Braille, large print, audio tape, etc.) should contact the USDA Target Center at (202) 720-2600 (voice and TDD).
**SUPPLEMENTARY INFORMATION:**
**Background**
Section 5310 of the 2002 Act changed the definition of qualified beginning farmer or rancher by increasing the acres of land that these applicants could own to a maximum of 30 (instead of 25) percent of the average farm or ranch size in the county.
**Need for Correction**
As published, the final regulations amended the definition of “Beginning farmer or rancher” in 7 CFR 762.102, 1941.4 and 1943.4 to comply with the requirements of the 2002 Act. The definition of “Beginning farmer or rancher” is also included in 7 CFR 1955.103; however, the necessary amendment was inadvertently not included in the February 18, 2003, final rule.
**List of Subjects in 7 CFR Part 1955**
Government acquired property, Sale of government acquired property, Surplus government property.
**7 CFR Part 1955**
Accordingly, chapter XVIII, title 7, Code of Federal Regulations is corrected as follows:
**PART 1955—PROPERTY MANAGEMENT**
1. The authority citation for part 1955 continues to read as follows:
**Authority:**
5 U.S.C. 301; 7 U.S.C. 1989, 42 U.S.C. 1480.
**7 CFR Part 1955**
**Subpart C—Disposal of Inventory Property**
2. Amend § 1955.103 by removing the number “25” from the first sentence of paragraph (5) of the definition “Beginning farmer or rancher” and adding in its place the number “30.”
Dated: November 5, 2004.
Gilbert Gonzales,
Acting Under Secretary for Rural Development.
Dated: November 3, 2004.
J.B. Penn,
Under Secretary for Farm and Foreign Agricultural Services.