Farm Loan Programs - Inventory Property Management

Forms and Documents

Document Name	Status
Form FSA-2592 Farm Loan Programs - Inventory Property Management Form	Modified
2017 supporting document.docx Supporting Statement A	2017-03-21
2017_FSA-85-1_Reporting and Recordkeeping Requirements.docx Supplementary Document	2017-02-28

IC Document Collections

IC ID	Document Title	Status
1564	Farm Loan Programs - Inventory Property Management Form	Modified

ICR Details

OMB Control No: 0560-0234	ICR Reference No: 201609-0560-001
Status: Historical Active	Previous ICR Reference No: 201310-0560-002
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: 04/25/2017
	Date Received in OIRA: 03/21/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2020	36 Months From Approved	04/30/2017
Responses	363	0	325
Time Burden (Hours)	616	0	551
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:
	81 FR 76911	11/04/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 14344	03/20/2017
Did the Agency receive public comments on this ICR? Yes

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

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

	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	363	325	0	0	38	0
Annual Time Burden (Hours)	616	551	0	0	65	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The burden hours increased by 65 while the annual responses increased by 38. The increases are primarily due to an overall increase in the inventory properties and the numbers of borrower being serviced since the last OMB approval. The largest increase is to the number of respondents who will review FSA-2593 “Standard Sales Contract” as part of anticipated sales of FSA inventory property.

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Annual Cost to Federal Government: $233,810

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

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? Uncollected

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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: 03/21/2017

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