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Easier Access to Farm Loans for Young Farmers

This new act makes it easier for young farmers and ranchers to access government farm ownership loans. It reduces the required experience and introduces waivers for those with management experience or mentored by seasoned farmers. The goal is to support new generations in agriculture.
Key points
The required farming experience for farm ownership loans is reduced from 3 years to 1 year.
The 1-year experience requirement can be waived for farmers with at least one year of hired farm labor with substantial management responsibilities.
The requirement can also be waived if the farmer is mentored by an experienced or retired farmer through an approved program or local operator/organization.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4657
Sponsor: Rep. Finstad, Brad [R-MN-1]
Process start date: 2025-07-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Next Generation Farmer Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4657.

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 2025-07-23.

What are the main provisions?

Key points include:

  • The required farming experience for farm ownership loans is reduced from 3 years to 1 year.
  • The 1-year experience requirement can be waived for farmers with at least one year of hired farm labor with substantial management responsibilities.
  • The requirement can also be waived if the farmer is mentored by an experienced or retired farmer through an approved program or local operator/organization.
What is the specific legal status?

The current status is Introduced.

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. Finstad, Brad [R-MN-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Agriculture Benefits