Question: In the non - recourse loan program, loans are said to be made without recourse because: The loans require farmers to take a farm efficiency
In the nonrecourse loan program, loans are said to be made "without recourse" because:
The loans require farmers to take a farm efficiency training course each time a loan is secured
Farmers can default on their loans and the government must accept their crop as full payment
Farmers must pledge their land as collateral and have no legal recourse if they default on their loans and lose their land
Farmers can use the loans for anything they want and the government cannot do anything about it
Nonrecourse loans are "mandatory"
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