H.R.4513 - Farmers of Tomorrow Act115th Congress (2017-2018)
|Sponsor:||Rep. Bustos, Cheri [D-IL-17] (Introduced 12/01/2017)|
|Committees:||House - Agriculture|
|Latest Action:||House - 12/21/2017 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4513 — 115th Congress (2017-2018)All Information (Except Text)
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.