92-419) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA).

The legislation was originally enacted as the Consolidated Farmers Home Administration Act of 1961 (P.L.

12931 legislation was passed by the 92nd U.S. Congressional session and enacted by the 37th President of the United States Richard Nixon on August 30, 1972.

[1] The Con Act, as amended, currently serves as the authorizing statute for USDA's agricultural and rural development lending programs.

Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF).