To amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses. The main policy domain is Agriculture, Finance, Environment.
Who Benefits and How
farmers, ranchers, and agricultural businesses may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, farmers, ranchers, and agricultural businesses may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HFF7AA29E437644058627FEE6DE38049D: 1. Short title This Act may be cited as the Capital for Beginning Farmers and Ranchers Act of 2024.
- Section H6DE4DCF4B5004DA9B9368524DE03A66D: 2. Findings Congress finds that— beginning farmers and ranchers often pursue business models featuring diverse and specialized production and marketing...
- Section HD10E666F1B574CAB96A507DA28C245A4: 3. Beginning farmer and rancher development loan pilot program Subtitle B of the Consolidated Farm and Rural Development Act (7 U.S.C. 1941 et seq.) is amended...
- Section HE0989F4A9C614D70980BFDC43CC4498F: 320. Beginning farmer and rancher development loan pilot program In this section, the term development expenditure means a capital investment that benefits a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.
Key Policy Areas
Agriculture, Finance, Environment
Primary Purpose
This bill, To amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.
Policy Domains
Whole bill
Identified Gains
- farmers, ranchers, and agricultural businesses
Identified Costs
- federal implementing agencies
- farmers, ranchers, and agricultural businesses
Sponsors
Legislative Progress
IntroducedMs. Strickland (for herself, Ms. Adams, and Mr. Panetta) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
Key Definitions
Terms defined in this bill
a capital investment that benefits a farming or ranching business of a qualified beginning farmer or rancher for more than 1 year. In this section, the term development expenditure includes an expenditure— for the acquisition or development of— initial assets
a capital investment that benefits a farming or ranching business of a qualified beginning farmer or rancher for more than 1 year. In this section, the term development expenditure includes an expenditure— for the acquisition or development of— initial assets
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology