### Question
How is the "qualified agricultural loan" defined?


### Answer
The term **qualified agricultural loan** is defined in *12 U.S.C. § 1823* as follows -

> a loan made to finance the production of agricultural products or livestock in the United States, a loan secured by farmland or farm machinery, or such other category of loans as the appropriate Federal banking agency may deem eligible

#### Citation:
  - *12 U.S.C. § 1823*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

