Justification 2022

OMB Control Number: 0560-0237.

Title of Clearance: Farm Loan Programs - Farm Direct Loan Making.

Agency Form Number affected by Change Worksheet: FSA-2003-Three Year Production History.

Other Changes: The specific changes to the Form FSA-2003 are the following:

1. Section D is changed from “Signature” to “Potential Purchasers”. The Potential Purchasers section is new to this form. A taskforce work group comprised of field and headquarter employees determined this information is crucial to receive in the beginning of the application process. At this time, it is being captured at or near the closing of the loan.

2. Previous Section D was retained in this form. It was placed below new Section D of the form. It is now Section E “Signature”. This section did not change, it was simply put lower on the form than before.

The form instructions have been updated to reflect the removal of the items listed below:’

• In the form, Section D is changed from “Signature” to “Potential Purchasers”. The Potential Purchasers section is new to this form.

• Previous Section D was retained in this form. It was placed below new Section D of the form. It is now Section E “Signature”. This section did not change, it was simply put lower on the form than before.

These changes allow this information to be captured in the beginning of the loan application process. Typically, if not discussed during, it is captured at or near closing. This would provide field staff with more information about the borrowers’ sales history/potential future history if the loan was to close.

There are no changes to the burden hours.