S. 2685 · 115th Congress
Farmers of Tomorrow Act
- Stage
- In committee
- Sponsor
- Tom Udall
- Introduced
- 2018-04-17
- Latest action
- 2018-04-17 · Introduced in Senate
Summary
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.