What should be done when a beginning farmer or socially disadvantaged applicant is selected to purchase inventory property without available FSA funding?

Leasing the property to the successful applicant for a term not to exceed 18 months is a strategic option that provides a supportive pathway for beginning farmers or socially disadvantaged applicants who may face challenges in obtaining financing. This approach allows the applicant to utilize the property while giving them time to secure the necessary funding to purchase the inventory outright. It enables the applicant to establish their operations and build their business without the immediate pressure of a major financial commitment.

This leasing arrangement also serves as an incentive for the FSA to assist those with limited resources, promoting agricultural development and supporting the goals of inclusivity within farming communities. By providing access to land or property in this manner, the program can help foster a sustainable agricultural environment for emerging farmers.

The other options do not effectively aid the applicant in their pursuit of acquiring the property. Selling the property as surplus or offering it for public sale removes the opportunity for those most in need to benefit from it. Instructing the applicant to seek financing from another source could also undermine their chances of success, as it places the burden solely on them without providing any support or resources to facilitate that process.