3.0.0 1412 2023-01-11T16:47:41Z 2023-01-11T16:47:41Z Senate S S 2007-05-16 110 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2007-05-16T20:29:55Z Beginning Farmer and Rancher Opportunity Act of 2007 110 2348 HR 2007-06-26 Referred to the Subcommittee on Horticulture and Organic Agriculture. Identical bill CRS Beginning Farmer and Rancher Opportunity Act of 2007 110 1460 S 2007-05-23 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Identical bill CRS 2007-05-16 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2007-05-16 Sponsor introductory remarks on measure. (CR S6196-6197) IntroReferral B00100 9 Library of Congress 2007-05-16 Introduced in Senate IntroReferral 10000 9 Library of Congress H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD N G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2007-05-17 False B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2007-05-17 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2007-05-17 False Agriculture and Food Agricultural conservation Agricultural credit Agricultural education Agricultural research Agricultural subsidies Alternative agriculture Commerce Crop insurance Economics and Public Finance Energy Energy conservation Environmental Protection Farm lands Farmers Federal aid to research Finance and Financial Sector Grants-in-aid Grazing Immigrants Immigration Minorities Minority business enterprises Organic farming Research grants Saving and investment Science, Technology, Communications Soil conservation Sustainable agriculture Water Resources Development Water conservation Agriculture and Food 00 2007-05-16 Introduced in Senate 2007-06-06T17:20:19Z Beginning Farmer and Rancher Opportunity Act of 2007 - Amends the Farm Security and Rural Investment Act of 2002 to make beginning farmer and rancher development grants available for energy conservation and organic and value-added alternative production. Caps annual grant amounts and permits consecutive grants to the same recipient. Sets forth grant evaluation criteria. Extends grant authority.

Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish the new farmer individual development accounts pilot program under which: (1) an eligible participant shall deposit an agreed upon amount into an account which will be matched at 300% by the program ($9,000 annual cap); and (2) expenditures shall be used for specified farming purposes, including purchases of farmland, equipment and other assets, breeding stock, and timber, nut, or fruit trees.

Revises: (1) the down payment loan program; and (2) the beginning farmer or rancher contract land sales program.

Makes socially disadvantaged farmers or ranchers eligible for inventory sales preferences on real property acquired by the Secretary through security servicing.

Increases direct and operating agricultural loan limits. Requires the Secretary to establish a plan to transition agricultural loan borrowers to private credit sources.

Increases fiscal year aggregate loan and specified set-aside levels. Makes socially disadvantaged farmers or ranchers eligible for certain loan set-asides, and extends such set-aside authority.

Includes among soil and water conservation grant priority recipients: (1) beginning or socially disadvantaged farmers or ranchers; and (2) owners or tenants who use the loans to convert to sustainable or organic agricultural production systems.

Amends the Food Security Act of 1985 with respect to the conservation reserve program to permit the Secretary to modify a contract to facilitate land transition from a retired or retiring owner or operator to a beginning or socially disadvantaged farmer or rancher in order to return some or all of the land into production using sustainable grazing or crop production methods. Sets forth transition options for beginning and socially disadvantaged farmers or ranchers.

Makes socially disadvantaged farmers or ranchers eligible for cost sharing under the conservation security program and the environmental quality incentives program.

Amends the Competitive, Special, and Facilities Research Grant Act to include among "high priority research" areas of concern to beginning farmers or ranchers.

Amends the Agricultural Research, Extension, and Education Reform Act of 1998 to include farm transfer options for beginning or socially disadvantaged farmers or ranchers among priority grant areas.

Amends the Federal Crop Insurance Act to provide emphasis on risk management education for beginning, immigrant, retiring, or socially disadvantaged farmers or ranchers.

]]> Beginning Farmer and Rancher Opportunity Act of 2007 Display Title Beginning Farmer and Rancher Opportunity Act of 2007 Official Title as Introduced A bill to amend the Farm Security and Rural Development Act of 2002 to support beginning farmers and ranchers, and for other purposes. Introduced in Senate IS Short Titles as Introduced Beginning Farmer and Rancher Opportunity Act of 2007 Introduced in Senate 2007-05-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1412is/xml/BILLS-110s1412is.xml 2007-05-16 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.