H.R.2401 - Beginning Farmer and Rancher Credit Act of 1991102nd Congress (1991-1992)
|Sponsor:||Rep. Penny, Timothy J. [D-MN-1] (Introduced 05/20/1991)|
|Committees:||House - Agriculture|
|Latest Action:||04/09/1992 See H.R.4906.|
This bill has the status Introduced
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Summary: H.R.2401 — 102nd Congress (1991-1992)All Bill Information (Except Text)
Introduced in House (05/20/1991)
Beginning Farmer and Rancher Credit Act of 1991 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a farm ownership down payment loan program.
Provides for: (1) Federal-State assistance coordination for beginning farmers and ranchers; and (2) the establishment of an Advisory Committee on Beginning Farmers and Ranchers.
Targets farm ownership loans, loan guarantees, and interest rate assistance to beginning farmers and ranchers.
Reduces maximum amounts for farm ownership and operating loans and loan guarantees.