### Question
How is the "homestead property" defined?


### Answer
The term **homestead property** is defined in *7 U.S.C. § 2000* as follows -

> the principal residence and adjoining property possessed and occupied by a borrower-owner specified in paragraph (2) of this subsection, including a reasonable number of farm outbuildings located on the adjoining land that are useful to the occupants of the homestead, and no more than 10 acres of adjoining land that is used to maintain the family of the individual

#### Citation:
  - *7 U.S.C. § 2000*
  - Heading: **CHAPTER 50-AGRICULTURAL CREDIT > SUBCHAPTER IV-ADMINISTRATIVE PROVISIONS**

