(a) The formula allocation for FO, CL, or OL loan funds is equal to:
(1) The amount available for allocation by the Agency minus the amounts held in the National Office reserve and distributed by base and administrative allocation, multiplied by
(2) The State Factor, which represents the percentage of the total amount of the funds for a loan program that the National Office allocates to a State Office. formula allocation = (amount available for allocation-national reserve-
base allocation-administrative allocation) x State Factor
(b) To calculate the State Factor, the Agency:
(1) Uses the following criteria, data sources, and weights: ----------------------------------------------------------------------------------------------------------------
Weight for Weight for
Criteria Loan type criterion is Data source FO loans OL loans
used for (percent) (percent)----------------------------------------------------------------------------------------------------------------Farm operators with sales of $2,500- FO, CL, and OL loans... U.S. Census of 15 15
$39,999 and less than 200 days work Agriculture.
off the farm.Farm operators with sales of $40,000 FO, CL, and OL loans... U.S. Census of 35 35
or more and less than 200 days work Agriculture.
off farm.Tenant farm operators............... FO, CL, and OL loans... U.S. Census of 25 20
Agriculture.3-year average net farm income...... FO, CL, and OL loans... USDA Economic Research 15 15
Service.
Value of farm real estate assets.... FOs and CLs............ USDA Economic Research 10 N/A
Service.Value of farm non-real estate assets OL loans............... USDA Economic Research N/A 15
Service.----------------------------------------------------------------------------------------------------------------
(2) Determines each State's percentage of the national total for each criterion;
(3) Multiplies the percentage for each State determined in paragraph (b)(2) of this section by the applicable weight for that criterion;
(4) Sums the weighted criteria for each State to obtain the State factor. [72 FR 63285, Nov. 8, 2007, as amended at 75 FR 54013, Sept. 3, 2010]