S 910 · in committee · niche
Farm Ownership Improvement Act
- economy
What this bill does
- USDA will create a pilot program to pre-qualify farmers and ranchers for direct farm ownership loans.
- Beginning farmers and ranchers, especially those from underserved groups, will benefit from faster loan processing.
- The five-year pilot uses alternative financial evaluation methods and requires annual reports to Congress.
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Community Threads
Started by Cosponsor
- 01
How might USDA's alternative financial evaluation methods in this pilot program differ from current lending practices, and what risks or benefits could result?
- 02
Which underserved farming groups would most benefit from faster loan pre-qualification, and how would Congress measure the pilot's success?
- 03
What happens to farmers who don't qualify through the pilot program's alternative methods—do they return to standard USDA loan processes?
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Sponsor · D-VT
Peter Welch
Citizen cosponsors
0
In Congress
2/ 100
Senators cosponsoring
Introduced 2025-03-10
Joining the bill
Legislative timeline
2025-03-10 · senate · IntroReferral
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
2025-03-10 · IntroReferral
Introduced in Senate
Citizen comments
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