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VOLUME 21

V

1934 C P
4 viteo %

NUMBER 161

Washington, Saturday, August IB , 1956

of $5,000, and making and servicing loans where real estate is taken as Chapter III Farmers Home Adminis security.
b Employees authorized to appraise tration, Department of Agriculture farms. For the purpose of this part, an Subchapter B Farm Ownership Loans appraiser is an employee of the Farm ers Home Administration who has been FHA In structions 422.1 a n d 443.2
designated in writing to appraise farms.
P art 322 A p p r a i s a l o p F a r m s c Appraisal forms. Form FHA-596, Appraisal Report, and Form F H A P art 332P r o c e s s i n g I n i t i a l L o a n s 596B, Map of Farm, will be used in Subchapter F Security Servicing and Liquidations recording appraisals. In addition, when FHA Instructions 465.2 a n d 465.6
a farm under consideration is to be irri gated or is located in a drainage or levee P art 372 F a r m O w n e r s h i p L o a n s district, or when minerals, timber, or Subchapter 6 Miscellaneous Regulations other rights are leased, reserved, Or exempted, Form FHA-596A, Supple F H A In stru ctio n 444.1
mental Report Irrigation, Drainage, P art 383 F a r m H o u s i n g L o a n s Levee, and Minerals, will be used to MISCELLANEOUS AMENDMENTS
the extent applicable.
1.
Part 322 of Title 6, Code of Federal d Real estate improvements to be Regulations 13 F. R. 9401, is revised to considered. In making an appraisal, the Prescribe regulations applicable gener appraiser will consider the real estate ally to the appraisal of real estate in improvements already on the farm and connection with Farm Ownership and those to be made by the applicant in con other types of loans, and to read as nection with the loan, rather than those real estate improvements that a typical follows:
operator would have.
P art 322 A p p r a i s a l o f F a r m s e Typical owner-operator. In ap Sec.
praising the farm, the appraiser will 322.1 G eneral.
assume that the farm will be operated by 322.2 Definitions o f valu es to be recom
a typical owner-operator for the area in mended.
which the farm is located. Such opera 322.3 Long-tim e com m odity prices, costs, tor will be representative of the farmers and other basic app raisal data.
in the area who possess average skills and managerial ability. The typical Authority : 322.1 to 322.3 issued u n d e r S. 161, sec. 6 3 , 50 Stat. 870, sec. 41 i , operator to be assumed should not be one 60 stat. 1066, sec. 510 g , 63 S tat. 438, who is significantly above or below aver Ron4 64 Stat- 10; 5 US- 22>16 U Sage in managerial ability for thearea.
3 , 7 U . S. C. 1015 i , 42 U . S. C.
For example, the appraiser will assume 1480 g , 40 u . S. C. 422 c .
322.2 a
that the operator would be a typical interprets or applies sec. 2 b , 60 Stat. 1074;
dairyman if the farm being appraised is U. S. C. 1002 b .
in an area where both dairy farming and 322.1 General a Appraisals recorn-hog farming have proven success wired. An appraisal report will be re ful and the farm has building and land quired in connection with each initial resources, including improvements to be j?an be made under Title I of the made in connection with the loan, which nankhead-Jones Farm Tenant Act, and make it more suitable for dairying.
in connection with each Soil and W ater 322.2 Definitions of values to be Observation loan in excess o f $5,000 to N by a lien on the farm to.be recommended a Normal earning ca proved. An appraisal report also will pacity value. This value is defined as TTbrepared when required by Farmers the maximum amount that qan be in le Administration regulations or vested safely in a family-type farm con nen requested by the County Comsistent with the net income that the farm ttee, County Supervisor, or State unit reasonably can be expected to pro rector in connection with making sub duce, after any planned land and build sequent loans under Title I of the Banking improvements are completed. A
oead-Jones Farm Tenant Act, Soil and distinction will be made between nor C on tin u e d on p. 6209
ater Conservation loans not in excess
TITLE 6 AGRICULTURAL CREDIT

CONTENTS
Agricultural Marketing Service Proposed rule making:
Milk, marketing area:
Florida, southeastern_______
Michigan, upstate________
Mississippi, centraL.________
Rules and regulations:
Almonds grown in California;
order fixing salable and sur plus percentages during crop year beginning July 1, 1956
Lemons grown in California and Arizona; limitation of ship ments________________________
Oranges, Valencia, grown in A ri zona and designated part of California; limitation of han dling_________________________
Pork carcasses, certain, and cer tain swine; establishment of official U. S. standards for grades____________
Prunes, dried, grown in Califor nia; handling; special regu lation for 1956-57 crop year_

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Agricultural Research Service Proposed rule making:
Meat inspection regulations
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Agriculture Department See Agricultural Marketing Serv ice; Agricultural Research Serv ice; Commodity Credit Corpora tion; Commodity Stabilization Service; Farmers Home Admin istration.

Alien Property Office Notices:
Vested property, intention to return:
Barbati, Battista amended n otice__________________
Compagnie de Produits Chi miques et Electrometallrgiques Alais Froges et Ca margue____________________
Doblinger, Ludwig------------Ogawa, Saku, et al----- -------Rooz, George Uriel------------Sawady, Max, et al------------State of Netherlands for the benefit o f :
Bilgrey, Grietje, et al-------van der Horst, Alexander, et al___________________
Vesting orders:
Aktiébolaget Ecambrian-----Contuarul Dobrogea --------6207

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