§ 774.2 Definitions.

As used in this part, the following definitions apply: Agency is the Farm Service Agency, its employees, and any successor agency. Applicant is the individual or business entity applying for the loan. Business entity is a corporation, partnership, joint operation, trust, limited liability company, or cooperative. Domestically owned enterprise is an entity organized in the United States under the law of the state or states in which the entity operates and a majority of the entity is owned by members meeting the citizenship test. False information is information provided by an applicant, borrower or other source to the Agency that the borrower knows to be incorrect, and that the borrower or other source provided in order to obtain benefits for which the borrower would not otherwise have been eligible. Seed producer is a farmer that produced a 1999 crop of grass, forage, vegetable, or sorghum seed for sale to AgriBiotech under contract.