arrow_back Back to App

Farmer Aid: Loans and Grants for Economic Disasters

This act establishes loan and grant programs for farmers and ranchers affected by economic crises. Small farms can receive zero-interest loans up to $2 million and non-repayable advances. Larger entities may qualify for loan guarantees. The goal is to help maintain operations, payroll, and cover costs.
Key points
Small farms (income up to $500,000) can get zero-interest loans up to $2 million, with flexible repayment terms (10 to 15 years, repayment starts after one year).
Loan forgiveness is possible for small farms if commodity prices drop or revenue is lost due to an economic disaster.
Larger farms (income over $500,000) can obtain loan guarantees from banks, also with favorable repayment terms and potential for forgiveness.
All eligible farmers can apply for a non-repayable advance of at least $20,000, disbursed quickly, even if the main loan is later denied.
Funds from loans and advances can be used for payroll, employee retention, operational costs, rent, personal protective equipment, and repaying obligations.
Financial aid received under this act is tax-exempt and does not prevent receiving other federal assistance.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4456
Sponsor: Rep. Hayes, Jahana [D-CT-5]
Process start date: 2021-07-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Helping America’s Farmers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4456.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-16.

What are the main provisions?

Key points include:

  • Small farms (income up to $500,000) can get zero-interest loans up to $2 million, with flexible repayment terms (10 to 15 years, repayment starts after one year).
  • Loan forgiveness is possible for small farms if commodity prices drop or revenue is lost due to an economic disaster.
  • Larger farms (income over $500,000) can obtain loan guarantees from banks, also with favorable repayment terms and potential for forgiveness.
  • All eligible farmers can apply for a non-repayable advance of at least $20,000, disbursed quickly, even if the main loan is later denied.
  • Funds from loans and advances can be used for payroll, employee retention, operational costs, rent, personal protective equipment, and repaying obligations.
  • Financial aid received under this act is tax-exempt and does not prevent receiving other federal assistance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hayes, Jahana [D-CT-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Agriculture Economy