### Question
How does the law define applicable period?


### Answer
Under *7 U.S.C. § 1936*, **applicable period** is defined as:

> the first 5 years for which an applicant has operated a farm or ranch, including the period of time the applicant is provided assistance under section 1948 of this title

#### Citation:
  - *7 U.S.C. § 1936*
  - Heading: **CHAPTER 49-CONSULTATION ON AGRICULTURAL PROGRAMS > SUBCHAPTER I-REAL ESTATE LOANS**

