Bukaske v. United States Department of Agriculture

ORDER

KORNMANN, District Judge.

INTRODUCTION

[¶ 1] The Farmer’s Home Administration (“FmHA”), the predecessor to the Farm Service Agency (“FSA”), was “a lender of last resort for farmers who cannot obtain credit from private lenders.” Moseanko v. Yeutter, 944 F.2d 418, 421 (8th Cir.1991). Unlike private lenders, FmHA exercised wide authority to compromise or adjust loans. Coleman v. Block, 562 F.Supp. 1353, 1364 (D.N.D.1983). 7 U.S.C. § 1981a provided authority for FmHA to compromise, adjust, or reduce claims, to adjust and modify the terms of mortgages, to defer principal and interest and to…