119 HR 5004 IH: Next Generation of Farmers Act of 2025 U.S. House of Representatives 2025-08-19 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 5004IN THE HOUSE OF REPRESENTATIVESAugust 19, 2025Mr. Nunn of Iowa (for himself and Ms. Crockett) introduced the following bill; which was referred to the Committee on AgricultureA BILLTo amend the Consolidated Farm and Rural Development Act to reduce the eligibility requirement for direct farm real estate loans, and for other purposes.

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— (1)by striking paragraph (1) and inserting the following: (1)

In general

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.; and (2)in paragraph (4)— (A)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 (B)in subparagraph (B), by striking 3-year and inserting 1-year.