Farm Loan Programs - Inventory Property Management

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FSA-2592 Farm Loan Programs - Inventory Property Management	Form	Modified	Available
Supporting Document 2020.docx	Supporting Statement A	Uploaded 2020-04-13	Available
FY 20 Inventory Property spreadsheet.xlsm	Supplementary Document	Uploaded 2020-04-10	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
1564	Farm Loan Programs - Inventory Property Management	Form	Modified

ICR Details

OMB Control No: 0560-0234	ICR Reference No: 201911-0560-003
Status: Active	Previous ICR Reference No: 201609-0560-001
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Farm Loan Programs - Inventory Property Management
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/10/2020
	Date Received in OIRA: 04/27/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2023	36 Months From Approved	06/30/2020
Responses	239	0	363
Time Burden (Hours)	136	0	616
Cost Burden (Dollars)	0	0	0

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Abstract: The collected information is necessary to evaluate an applicant's request to purchase inventory property and is used by the agency to determine an applicant's eligibility to lease or purchase inventory property and to ensure payment of the lease or purchase amount.

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Authorizing Statute(s): US Code: 7 USC 1921 Name of Law: CONACT
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 9722	02/20/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 22995	04/24/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Farm Loan Programs - Inventory Property Management	FSA-2592, FSA-2593	Invitation, Bid, and Acceptance Sale of Real Property by the U.S. ,   Standard Sale Contract of RE by US

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	239	363	0	-124	0	0
Annual Time Burden (Hours)	136	616	0	-361	-119	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The number of responses decreased by 124 and burden hours decrease by 480 hours in this request. The number of respondents decreased by 112. While the overall number of inventory properties on hand increased 13.5 percent from the last collection, the decrease in responses and burden hours is due to reduction in the estimated number of inventory properties sold. The number projected to be sold has been revised downward to match reported sales percentages over the last several years. Also, the travel times removed from this request since it was no longer required.

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Annual Cost to Federal Government: $165,688

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 04/27/2020

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