SUPPLEMENTARY INFORMATION:

Description of Information Collection Request

Title: Inventory Property Management.

OMB Number: 0560-0234.

Expiration Date of Approval: July 31, 2026.

Type of Request: Revision.

Abstract: FSA is requesting comments from all interested individuals and organizations on a revision of a currently approved information collection request associated with Inventory Property Management. 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 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 responses and total burden hours increase in this request. While the overall number of inventory properties on hand has decreased by 20.45 percent since the last collection, the increase in responses and burden hours is due to a higher estimated number of inventory properties that will be sold annually. The projected number of properties to be sold has been revised upward because FSA has resumed the sale of inventory properties and due to the anticipated rate at which new properties are acquired.

For the following estimated total annual burden on respondents, the formula used to calculate the total burden hour is the estimated average time per responses hours multiplied by the estimated total annual responses.

Estimate of Respondent Burden: Public reporting burden for this collection of information is estimated to average 0.56 hours per response.

Type of Respondents: Individuals or households, business or other for-profit, and farms.

Estimated Annual Number of Respondents: 202.

Estimated Number of Responses per Respondent: 1.

Estimated Total Annual Responses: 202.

Estimated Average Time per Responses: 0.56 hours.

Estimated Total Annual Burden on Respondents: 113 hours.

We are requesting comments on all aspects of this information collection to help us to:

(1) Evaluate whether the collection of information is necessary for the proper performance of the functions of FSA, including whether the information will have practical utility;

(2) Evaluate the accuracy of FSA's estimate of burden including the validity of the methodology and assumptions used; ( printed page 18814)

(3) Enhance the quality, utility, and clarity of the information to be collected;

(4) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology.

All responses to this notice, including names and addresses when provided, will be summarized and included in the request for OMB approval. All comments will also become a matter of public record.

91 FR 18813