Farm Entry Assistance Act

[AI summary unavailable — showing source text] Farm Entry Assistance Act - Title I: States the findings of Congress, and the purposes of this Act. Title II: Establishment of Farm Entry Assistance Program - Directs the Secretary of Agriculture to establish a program to provide financial assistance to individuals who are seeking to establish and operate full-time family farms. Prescribes the general criteria for State programs. Title III: Application for the Program - Limits qualification for such assistance to applicants who: (1) are seeking to operate a family farm; (2) are entering farming on a full-time basis for the first time during the ten years prior to the date of application; (3) have been denied credit on reasonable terms from a commercial source and the Farmers Home Administration, and could not obtain credit without the program's assistance; (4) demonstrate they are qualified to operate a family farm on a full-time basis; and (5) have net worths of less than $75,000 in 1979 dollars. Title IV: Federal Assistance to Applicants through State Agencies - Directs the Secretary to make available to qualified applicants guarantees of not more than 90 percent of the principal and interest of certain loans, not more than 90 pe…