81 FR 76911 - Information Collection Request; Inventory Property Management

DEPARTMENT OF AGRICULTURE
Farm Service Agency

Federal Register Volume 81, Issue 214 (November 4, 2016)

In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on an extension with a revision of a currently approved information collection that supports Inventory Property Management. The collected information is used to evaluate applicant requests to purchase inventory property, determine eligibility to lease or purchase inventory property, and ensure the payment of the lease amount or purchase amount associated with the acquisition of inventory property. Revisions to the information collection includes an increase in the total amount of burden hours expected related to inventory property requests.

[Federal Register Volume 81, Number 214 (Friday, November 4, 2016)]
[Notices]
[Page 76911]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-26660]


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Federal Register / Vol. 81, No. 214 / Friday, November 4, 2016 / 
Notices

[[Page 76911]]



DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection Request; Inventory Property Management

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is requesting comments from all interested 
individuals and organizations on an extension with a revision of a 
currently approved information collection that supports Inventory 
Property Management. The collected information is used to evaluate 
applicant requests to purchase inventory property, determine 
eligibility to lease or purchase inventory property, and ensure the 
payment of the lease amount or purchase amount associated with the 
acquisition of inventory property. Revisions to the information 
collection includes an increase in the total amount of burden hours 
expected related to inventory property requests.

DATES: We will consider comments that we receive by January 3, 2017.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number, the OMB control 
number, and the title of the information collection of this issue of 
the Federal Register. You may submit comments by any of the following 
methods:
     Federal eRulemaking Portal: Go to http://regulations.gov. 
Follow the online instructions for submitting comments.
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue SW., Washington, DC 20250-0503.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, (202) 720-6834.

SUPPLEMENTARY INFORMATION: Title: (7 CFR part 767) Farm Loan Programs--
Inventory Property Management, OMB Number: 0560-0234, Expiration Date: 
03/31/2017, Type of Request: Extension with a revision.
    Abstract: FSA's Farm Loan Programs provide supervised credit in the 
form of loans to family farmers to purchase real estate and equipment 
and finance agricultural production. Inventory Property Management, as 
specified in 7 CFR part 767, provides the requirements for the 
management, lease, and sale of security property acquired by FSA. FSA 
may take title to real estate as part of dealing with a problem loan 
either by entering a winning bid in an attempt to protect its interest 
at a foreclosure sale, or by accepting a deed of conveyance in lieu of 
foreclosure. Information collections established in the regulation are 
necessary for FSA to determine an applicant's eligibility to lease or 
purchase inventory property and to ensure the applicant's ability to 
make payment on the lease or purchase amount.
    The number of respondents and burden hours increase in the request. 
The increase is based on an approximate 13% increase in the number of 
inventory properties being held by FSA since the previous approval 
request. No additional forms, response actions, or time increases are 
added to the request.
    The formula used to calculate the total burden hour is estimated 
average time per responses hours times total annual responses.
    Estimate of Average Time to respond: 44 minutes per response. The 
average travel time, which is included in the total annual burden, is 
estimated to be 1 hour per respondent.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 351.
    Estimated Number of Responses per Respondent: 1.03.
    Total Annual Responses: 363.
    Estimated Average Time per Response: 1.69.
    Estimated Total Annual Burden Hours: 616.
    We are requesting comments on all aspects of this information 
collection to help us to:
    (1) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    (2) Evaluate the accuracy of the agency's estimate of the burden of 
the collection of information including the validity of the methodology 
and assumptions used;
    (3) Evaluate the quality, utility, and clarity of the information 
technology; and
    (4) Minimize the burden of the information collection on those who 
respond through the use of appropriate automated, electronic, 
mechanical, or other technological collection techniques or other forms 
of information technology.
    All comments received in response to this notice, including names 
and addresses where provided, will be made a matter of public record. 
Comments will be summarized and included in the request for OMB 
approval of the information collection.

Val Dolcini,
Administrator, Farm Service Agency.
[FR Doc. 2016-26660 Filed 11-3-16; 8:45 am]
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