H.R. 4657 Sec. 5012 Farm Ownership Loan Reform Helps beginning farmers qualify for USDA loans to purchase farmland.
Will support reforms to help beginning farmers qualify for USDA loans to purchase farmland.
Occurrences
Evidence
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USDA announced farm loan policy and technology improvements to expedite direct loan applications, streamline guaranteed lender processes, and modernize guaranteed loan submissions. The release states FSA farm loans can be used to purchase farmland.
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GovInfo lists H.R. 4657, the Next Generation Farmer Act, as introduced by Rep. Brad Finstad for himself and Rep. Josh Riley of New York. Its full title is to modify limitations on access to farm ownership loans for beginning farmers and ranchers.
Assessments
Riley directly supported a closely matching federal reform by joining H.R. 4657, the Next Generation Farmer Act, which would modify access limits for farm ownership loans for beginning farmers and ranchers. That is meaningful candidate-creditable effort in the same House term, but the bill was only introduced and referred, not enacted. USDA also made same-term farm-loan access improvements, but the evidence does not show those changes enacted Riley's specific eligibility reform or credit Riley with materially advancing them. This supports partial credit rather than full delivery.