H.R. 8448 · 118th Congress
SOIL Act
- Stage
- In committee
- Sponsor
- Don Bacon
- Introduced
- 2024-05-17
- Latest action
- 2024-09-03 · Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Summary
Support for Ownership and Investment in Land Act or the SOIL Act
This bill directs the Farm Service Agency (FSA) to carry out a pilot program to establish a pre-approval process for Direct Farm Ownership Loans. As background, the FSA Direct Loan Program provides Farm Ownership Loans to farmers and ranchers for the purchase and development of farm property.