This bill expands access to U.S. Department of Agriculture loans for farmers and farm operators by lowering ownership requirements and simplifying eligibility rules. Currently, borrowers must hold a majority stake in farm operations to qualify for USDA farm ownership, operating, and emergency loans; this legislation reduces that threshold to 50 percent ownership. The bill also allows qualified farm operators—as defined by the USDA Secretary—to meet operator requirements more flexibly, and permits certain business structures (like farms operated through multiple entities) to qualify for loans as long as at least 75 percent of the ownership is ultimately controlled by qualified operators. These changes are intended to modernize loan access for farmers using various business arrangements, though the bill contains no specific funding amounts or implementation timelines.
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.