summary
Introduced
09/15/2025
09/15/2025
In Committee
09/15/2025
09/15/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes.
AI Summary
This bill establishes a pilot program to provide specialized development loans for beginning farmers and ranchers, recognizing that these agricultural entrepreneurs often need substantial early-stage investments that traditional annual operating loans do not adequately support. The program would offer loans up to $100,000 with flexible terms, including repayment periods between 3-10 years, interest rates between 0-3%, and reduced collateral requirements based on the borrower's experience. Critically, these development loans can be used for a wide range of strategic investments beyond traditional operating expenses, such as acquiring initial assets, developing soil fertility, establishing breeding stock, creating business management systems, developing branding, and establishing commercial relationships. The Secretary of Agriculture would be required to provide comprehensive training and support to loan recipients, focusing on areas like bookkeeping, taxation, regulatory compliance, and risk management. The program would be subject to ongoing evaluation, with biennial reports submitted to congressional agriculture committees, and is designed to help beginning farmers and ranchers build more sustainable and resilient agricultural businesses by supporting multi-year strategic investments that traditional loan structures do not accommodate.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (on 09/15/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/2797/all-info |
BillText | https://www.congress.gov/119/bills/s2797/BILLS-119s2797is.pdf |
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