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Increased Farm Loans and Easier Debt Refinancing for Farmers

This act increases the maximum amounts for farm ownership and operating loans, making it easier for farmers to access larger financing. It also changes how inflation is calculated for these loans, basing it on agricultural land values. Additionally, the act allows certain guaranteed loans to be refinanced directly by a government agency, which can help farmers facing financial difficulties.
Key points
Increased Farm Ownership Loan Limits: Direct loan maximum increases from $600,000 to $850,000, and guaranteed loan from $1,750,000 to $3,000,000.
Increased Operating Loan Limits: Direct loan maximum increases from $400,000 to $750,000, and guaranteed loan from $1,750,000 to $2,600,000.
Changed Inflation Calculation for Loans: Inflation will now be based on average U.S. farm real estate values, rather than the Prices Paid By Farmers Index.
Increased Microloan Limit: The maximum microloan amount increases from $50,000 to $100,000.
Refinancing Guaranteed Loans to Direct Loans: Farmers in financial distress may refinance guaranteed loans into direct loans from the Farm Service Agency, under specific conditions.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_899
Sponsor: Sen. Hoeven, John [R-ND]
Process start date: 2025-03-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Producer and Agricultural Credit Enhancement Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_899.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-06.

What are the main provisions?

Key points include:

  • Increased Farm Ownership Loan Limits: Direct loan maximum increases from $600,000 to $850,000, and guaranteed loan from $1,750,000 to $3,000,000.
  • Increased Operating Loan Limits: Direct loan maximum increases from $400,000 to $750,000, and guaranteed loan from $1,750,000 to $2,600,000.
  • Changed Inflation Calculation for Loans: Inflation will now be based on average U.S. farm real estate values, rather than the Prices Paid By Farmers Index.
  • Increased Microloan Limit: The maximum microloan amount increases from $50,000 to $100,000.
  • Refinancing Guaranteed Loans to Direct Loans: Farmers in financial distress may refinance guaranteed loans into direct loans from the Farm Service Agency, under specific conditions.
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 Sen. Hoeven, John [R-ND].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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