CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE (parts 700 to 799) > SUBCHAPTER D—SPECIAL PROGRAMS (parts 750 to 786) > PART 767—INVENTORY PROPERTY MANAGEMENT > SUBPART A—Overview (§767.1 to §767.3-767.50) > 767.1—Introduction.

767.1—Introduction.

(a) Purpose. This part describes the Agency's policies for:
(1) Managing inventory property;
(2) Selling inventory property;
(3) Leasing inventory property;
(4) Managing real and chattel property the Agency takes into custody after abandonment by the borrower;
(5) Selling or leasing inventory property with important resources, or located in special hazard areas; and
(6) Conveying interest in real property for conservation purposes.
(b) Basic policy. The Agency maintains, manages and sells inventory property as necessary to protect the Agency's financial interest.