Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Summary
The bill changes the Farm and Rural Development Act so that individuals or entities who own at least half of a farm and are qualified operators can receive guaranteed and direct USDA loans for real estate, operating costs, or emergencies. It also creates special rules for entities that only operate farms or are owned through other companies, allowing them to meet ownership requirements if qualified operators hold sufficient ownership. This broadens access to federal farm financing for more producers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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