Capital for Beginning Farmers and Ranchers Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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. The program aims to help these farmers invest in long-term improvements to their operations, such as equipment, infrastructure, and business practices. It establishes specific terms for these loans, including flexible repayment options and low interest rates, 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 investments, such as equipment, infrastructure, and branding.
- Sets loan terms including a repayment period of 3-10 years, a maximum loan amount of $100,000, and a low interest rate (0-3%).
- Allows for reduced collateral requirements based on borrower experience.
- Requires the Secretary to provide comprehensive training and support to borrowers on farm management issues.
- Mandates ongoing evaluation and biennial reporting on the pilot program’s effectiveness.
- Clarifies how development loans will be treated for existing loan limits and regulations.
- Specifies training providers for participating farmers, including those with existing contracts and grant recipients.
Who is affected
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