arrow_back Back to App

Financial Support for Beginning Farmers and Ranchers: New Development Loans

This act establishes a new pilot program to help beginning farmers and ranchers access capital for long-term investments. This will enable them to better develop their farms, potentially increasing the diversity and stability of local food markets. Citizens may benefit from greater availability of local agricultural products.
Key points
Beginning farmers and ranchers can apply for loans or loan guarantees up to $100,000 for development expenditures, such as equipment acquisition, soil development, or brand building.
Loans offer flexible repayment terms (3 to 10 years) and low interest rates (0% to 3%), reducing the financial burden during the initial stages of operation.
The program includes mandatory training in farm management, bookkeeping, and regulatory compliance, aiming to improve the success rate of new agricultural businesses.
Reduced collateral requirements may make financing more accessible for individuals with less initial capital.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5367
Sponsor: Rep. Strickland, Marilyn [D-WA-10]
Process start date: 2025-09-15
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

Capital for Beginning Farmers and Ranchers Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5367.

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 2025-09-15.

What are the main provisions?

Key points include:

  • Beginning farmers and ranchers can apply for loans or loan guarantees up to $100,000 for development expenditures, such as equipment acquisition, soil development, or brand building.
  • Loans offer flexible repayment terms (3 to 10 years) and low interest rates (0% to 3%), reducing the financial burden during the initial stages of operation.
  • The program includes mandatory training in farm management, bookkeeping, and regulatory compliance, aiming to improve the success rate of new agricultural businesses.
  • Reduced collateral requirements may make financing more accessible for individuals with less initial capital.
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. Strickland, Marilyn [D-WA-10].

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 Economy Benefits