The Farm Transitions Act of 2024 reauthorizes and expands a federal commission tasked with studying how American farms will transition to new ownership over the coming decades. The bill extends the Commission on Farm Transitions—Needs for 2050 and broadens its mandate to examine affordable and timely access to farmland, apprenticeships and training programs, succession planning for heirs' property, barriers facing farmers and ranchers in transferring agricultural assets, and trends in farmland leasing and ownership including by foreign entities. The commission must complete its work and submit recommendations to Congress within two years of the law's enactment. The bill affects farmers, ranchers, agricultural policymakers, and rural communities concerned with the future viability of family farms and agricultural land ownership in America. No specific funding amount is specified in the legislation, though it extends the commission's authorization through 2028.
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