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Easier Access to Farm Loans for New Farmers and Ranchers.

This bill removes the requirement that individuals must be related by blood or marriage to qualify for federal farm loans as a beginning farmer or rancher. This change opens up financial support to more qualified individuals who wish to start farming but do not come from traditional farming families. The goal is to encourage new participation in the agricultural sector by broadening access to capital.
Key points
Eliminates the requirement of blood or marriage relationship for beginning farmer loan eligibility.
Broadens access to federal farm loans for new farmers and ranchers not connected to existing family operations.
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Expired
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Additional Information
Print number: 118_HR_8210
Sponsor: Rep. Lee, Summer L. [D-PA-12]
Process start date: 2024-05-01
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Future Farmers and Ranchers of Tomorrow Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8210.

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 2024-05-01.

What are the main provisions?

Key points include:

  • Eliminates the requirement of blood or marriage relationship for beginning farmer loan eligibility.
  • Broadens access to federal farm loans for new farmers and ranchers not connected to existing family operations.
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. Lee, Summer L. [D-PA-12].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Agriculture Economy