This bill expands the Heirs' Property Relending Program, a Department of Agriculture initiative that helps farmers resolve ownership disputes when farmland is owned by multiple heirs. The legislation allows organizations that receive loans through this program to use up to 30 percent of those funds to cover their administrative costs of running the program, and it gives the Secretary of Agriculture the ability to forgive these administrative costs if appropriate. The bill increases the program's funding authorization from $10 million to $60 million and extends its timeline through 2029, making the funds available until fully spent. Additionally, the Secretary of Agriculture must submit a report to Congress within one year describing how the program is operating and offering recommendations to improve it. This change primarily benefits farmers dealing with heirs' property issues and the nonprofit organizations and lenders that help them navigate the process.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.