---
type: "LegalText"
title: "7 U.S.C. § 2008b"
description: "Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 7
title_name: "AGRICULTURE"
chapter_number: "50"
chapter_name: "AGRICULTURAL CREDIT"
section: "2008b"
citation: "7 U.S.C. § 2008b"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
source_identifier: "/us/usc/t7/s2008b"
source_file: "data/legal/raw/us/code/title-07/usc07.xml"
source_hash: "cdc27b3d00ef4c5aa127563ee49647ac0843d904c9d31ad6ecd33e1cb8b6b14c"
raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
text_hash: "7a2a3e9ebd1565bc9fc04fbc8451fcb0ad1595cfd17f7b9b53c3e06c33af7a43"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 7 U.S.C. § 2008b - Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

## Text

In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.

(Pub. L. 87–128, title III, § 367, as added Pub. L. 115–334, title V, § 5306, Dec. 20, 2018, 132 Stat. 4673.)

## Notes

Editorial Notes

Prior ProvisionsA prior section 2008b, Pub. L. 87–128, title III, § 367, as added Pub. L. 101–624, title XXIII, § 2317, Nov. 28, 1990, 104 Stat. 4008; amended Pub. L. 102–237, title VII, § 701(g), Dec. 13, 1991, 105 Stat. 1879, related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, § 755, Apr. 4, 1996, 110 Stat. 1131.