What condition must be met for a PLP lender's guarantee request involving a partnership?

For a PLP (Preferred Lender Program) lender's guarantee request involving a partnership, it is essential that the partnership meets all the established eligibility criteria set forth by the Farm Service Agency (FSA). These criteria typically involve factors such as the financial stability of the partnership, the intended use of the funds, and compliance with agricultural-related regulations.

When a partnership meets these eligibility standards, it can access the benefits of the PLP program, which is designed to facilitate loans to agricultural producers, including partnerships, allowing them to secure funding more effectively. The guarantee provided by the FSA helps to mitigate the lender's risk, making it more likely that loans will be issued to eligible partnerships.

The other considerations mentioned in the options do not align with the fundamental eligibility principles of the FSA. For instance, conveying property to the partnership or the type of project, such as building a greenhouse, could be relevant but are not the sole determinants of eligibility for a guarantee request. The ownership of the farm by the operator can also affect loan eligibility, but it must be viewed within the broader context of partnership compliance with the FSA’s criteria. Therefore, meeting all the eligibility criteria is paramount for a successful guarantee request for a PLP lender involving a partnership.