Rural Business-Cooperative Service Revises Definition of Rural Area to Comply with Consolidated Farm and Rural Development Act

Summary

The Rural Business-Cooperative Service is revising its regulations to update the definition of a rural area in order to align with the changes to section 343(a) of the Consolidated Farm and Rural Development Act, which will enable the implementation of the revised definition for the Business and Industry Guaranteed and Direct Loan Programs mandated by the Farm Security and Rural Investment Act of 2002.