Loan programs, administered by the Farm Service Agency (replacing FmHA), providing both direct and guaranteed real estate, operating loans, and direct emergency disaster loans to individuals whose primary business is farming and ranching. Loans are targeted to family farms whose operators are unable to obtain sufficient credit from private commercial lenders on reasonable terms. Under the FAIR Act of 1996, farm lending programmes are permanently reauthorized, with new restrictions on the purposes for which loans can be used and on the length of time borrowers are eligible for new credit assistance. Provisions are extended that reserve a portion of loan funds for new and beginning farmers.