Summary: H.R.4513 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.4513. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (12/01/2017)

Farmers of Tomorrow Act

This bill amends the Consolidated Farm and Rural Development Act to expand eligibility for Department of Agriculture (USDA) direct farm ownership loans by modifying the three-year experience requirement.

(Under current law, USDA may make a direct farm ownership loan only to a farmer or rancher who has participated in the business operations of a farm or ranch for at least three years or has other acceptable experience.)

The bill modifies the experience requirement to specify a list of acceptable experience and educational criteria that USDA may count for an applicant to meet or reduce the necessary experience requirement.