Capital for Beginning Farmers and Ranchers Act of 2025
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Capital for Beginning Farmers and Ranchers Act of 2025, creates a pilot program to provide development loans and loan guarantees to beginning farmers and ranchers. It defines ‘development expenditure’ broadly to cover various startup costs, including equipment, infrastructure, and business management practices. The program offers favorable loan terms, such as low interest rates and flexible repayment schedules, and includes training and support for participating farmers.
Key provisions
- Establishes a pilot program for development loans and loan guarantees to beginning farmers and ranchers.
- Defines ‘development expenditure’ to include a wide range of startup costs.
- Offers loan terms with low interest rates (0-3%), flexible repayment schedules, and a maximum loan amount of $100,000.
- Requires loan repayment terms of 3-10 years with annual principal payments.
- Provides for borrower training and support in farm and ranch management.
- Allows for reduced collateral requirements based on borrower experience.
- Creates a requirement for biennial reports on the pilot program’s operation and outcomes.
- Clarifies how development loans will be treated for existing loan limits.
Who is affected
- Beginning farmers and ranchers
- Agricultural lenders
- The U.S. Department of Agriculture (USDA)
- Agricultural businesses
- Rural communities
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours