Bills · S 910
IN COMMITTEE· 119TH CONGRESS
Senate BillS 910Agriculture and Food
Farm Ownership Improvement Act
INTRO MAR 10· LAST ACTION MAR 10
READING
2MIN
COSPONSORS
2BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenNavigating government loan processes can often be complex and time-consuming, posing a significant hurdle for farmers looking to secure land or expand their businesses. This bill matters because it aims to streamline a critical part of that process by introducing a pre-qualification step for direct farm ownership loans.
If this becomes law, farmers could get a clearer idea of their loan eligibility earlier, which could help them make more informed decisions when looking for land and reduce the uncertainty in securing financing. This could particularly benefit new farmers who often face challenges in accessing capital. Without this bill, the current loan application process would remain the same, potentially continuing to be a barrier for some aspiring and current farmers to grow their operations and contribute to the nation's food supply.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a 5-year pilot program for pre-qualification or pre-approval for direct farm ownership loans.
This simplifies the initial stages of getting a farm loan, potentially saving farmers time and effort by providing early eligibility feedback.
PROVISION 02
Allows the Secretary of Agriculture to use alternative methods, such as financial benchmarking, to assess a borrower's financial viability and repayment likelihood.
This could provide more flexible and relevant ways to evaluate a farmer's ability to repay a loan, especially for unique or unconventional farm operations.
PROVISION 03
Prioritizes outreach efforts for the pilot program to organizations that work with beginning farmers and ranchers.
This ensures that new farmers, who often struggle most with accessing capital, are made aware of and can benefit from the streamlined loan process.
PROVISION 04
Requires ongoing evaluation of the pilot program and annual reports to Congress, including a recommendation on whether to make the program permanent.
This provides oversight and ensures that the program's effectiveness is regularly reviewed, informing future policy decisions about farm lending.
SPONSORSHIP
1 + 2
D· Vermont
YRS IN OFFICE
19
BILLS LED
84
COSPONSOR BREAKDOWNBIPARTISAN · 100%
DEM 1 REP 1 IND 0
ACTION TIMELINE
2 EVENTSMAR 10
Introduced in Senate
MAR 10
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
BILL INFO
TypeSenate Bill
NumberS 910
Congress119th
StatusIn Committee
IntroducedMar 10, 2025
Last actionMar 10, 2025
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · AGRICULTURE, NUTRITION, AND FORESTRY COMMITTEE · INTRODUCED MAR 10, 2025
Senate BillS 910Agriculture and Food
Farm Ownership Improvement Act
INTRODUCED MAR 10, 2025· LAST ACTION MAR 10, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
2
COMPLEXITY
Moderate
