### Question
How does AGRICULTURAL CREDIT define development cost?


### Answer
Under *7 U.S.C. § 1926*, **development cost** is defined as:

> the cost of construction of a facility and the land, easements, and rights-of-way, and water rights necessary to the construction and operation of the facility

#### Citation:
  - *7 U.S.C. § 1926*
  - Heading: **CHAPTER 50-AGRICULTURAL CREDIT > SUBCHAPTER I-REAL ESTATE LOANS**

