Farmers could get bigger loans for land and farm operations, plus help refinancing distressed loans.
This bill would increase the maximum amounts farmers can borrow for both owning and operating their farms through government-backed loans. It would also create a new program to help farmers refinance certain struggling guaranteed loans into direct government loans. These changes aim to provide more financial flexibility for farmers and ranchers.
Today, direct farm ownership loans are capped at $600,000, and guaranteed ones at $1,750,000. Direct operating loans are limited to $400,000, and guaranteed operating loans to $1,750,000. Microloans are capped at $50,000. After this bill, direct farm ownership loans would increase to $850,000, and guaranteed ones to $3,500,000. Direct operating loans would rise to $750,000, and guaranteed operating loans to $3,000,000. Microloans would double to $100,000, and a new program would allow distressed guaranteed loans to be refinanced into direct loans.
HR 1991 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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22 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.