HR5004-119

1. Short title This Act may be cited as the Next Generation of Farmers Act of 2025.

2. Reduction of the eligibility requirement for direct farm real estate loans under the Consolidated Farm and Rural Development Act Section 302(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922(b)) is amended— by striking paragraph (1) and inserting the following: The Secretary may make a direct loan under this subtitle only to a farmer or rancher who has at least 1 year of experience substantially participating in the management and business operations of a farm or ranch, as determined by the Secretary, or has other acceptable education or experience for a period of time, as determined by the Secretary. in paragraph (4)— in subparagraph (A), by striking 3-year requirement in paragraph (1) to 1 or 2 years and inserting 1-year requirement in paragraph (1) to 6 months; and in subparagraph (B), by striking 3-year and inserting 1-year. (1)In generalThe Secretary may make a direct loan under this subtitle only to a farmer or rancher who has at least 1 year of experience substantially participating in the management and business operations of a farm or ranch, as determined by the Secretary, or has other acceptable education or experience for a period of time, as determined by the Secretary.; and