Bills · HR 1991
IN COMMITTEE· 119TH CONGRESS
House BillHR 1991Agriculture and Food
Producer and Agricultural Credit Enhancement Act of 2025
INTRO MAR 10· LAST ACTION APR 4
READING
5MIN
COSPONSORS
18BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly addresses the rising costs of farming, from land prices to equipment and supplies. By increasing loan limits, it aims to ensure that government agricultural loan programs remain relevant and effective for farmers trying to start, expand, or simply maintain their operations in today's economic environment. If this bill becomes law, farmers will have access to more substantial financial support, which could help them manage debt, invest in their businesses, and weather financial challenges.
Without these changes, existing loan limits might become inadequate for the real costs of farming, making it harder for new farmers to enter the industry and for existing farms to grow or even survive. The new refinancing option is particularly important as it offers a potential safety net for farmers in financial distress, allowing them to restructure their debt with the government if private lenders can't provide relief. This could reduce farm failures and maintain stability in the agricultural sector.
KEY PROVISIONS
5AI-extractedPROVISION 01
Increases the maximum loan amounts for both direct and guaranteed farm ownership loans.
This allows farmers to borrow more money to buy land or make significant farm improvements, reflecting higher real estate costs.
PROVISION 02
Increases the maximum loan amounts for both direct and guaranteed operating loans.
This provides farmers with more capital to cover rising costs for seeds, fertilizer, fuel, and other day-to-day farm expenses.
PROVISION 03
Changes how loan limits are adjusted for inflation, switching from an index of prices farmers pay to a weighted average of agricultural land values.
This changes the basis for how loan limits grow over time, potentially aligning them more closely with the appreciating value of farm assets.
PROVISION 04
Increases the maximum amount for microloans from $50,000 to $100,000.
This provides more accessible capital for small-scale and beginning farmers who might not need or qualify for larger loans.
PROVISION 05
Establishes a process for farmers with distressed government-guaranteed loans to refinance them into direct government loans.
This offers a critical financial lifeline for struggling farmers to restructure their debt and potentially avoid foreclosure.
SPONSORSHIP
1 + 18
R· Minnesota
YRS IN OFFICE
4
BILLS LED
35
COSPONSOR BREAKDOWNBIPARTISAN · 55%
DEM 13 REP 5 IND 0
ACTION TIMELINE
3 EVENTSAPR 4
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
MAR 10
Introduced in House
MAR 10
Referred to the House Committee on Agriculture.
BILL INFO
TypeHouse Bill
NumberHR 1991
Congress119th
StatusIn Committee
IntroducedMar 10, 2025
Last actionApr 4, 2025
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IN COMMITTEE· 119TH CONGRESS · AGRICULTURE COMMITTEE · INTRODUCED MAR 10, 2025
House BillHR 1991Agriculture and Food
Producer and Agricultural Credit Enhancement Act of 2025
INTRODUCED MAR 10, 2025· LAST ACTION APR 4, 2025
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
18
COMPLEXITY
Moderate
