115 S4018 IS: Farm Transitions Act of 2024 U.S. Senate 2024-03-21 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.

II118th CONGRESS2d SessionS. 4018IN THE SENATE OF THE UNITED STATESMarch 21, 2024Ms. Baldwin (for herself and Mr. Braun) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and ForestryA BILLTo amend the Agriculture Improvement Act of 2018 to reauthorize the Commission on Farm Transitions–Needs for 2050, and for other purposes.

1.

Short title

This Act may be cited as the Farm Transitions Act of 2024.

2.

Commission on Farm Transitions—Needs for 2050

Section 12609 of the Agriculture Improvement Act of 2018 (Public Law 115–334; 132 Stat. 5009) is amended—(1)in subsection (a), by striking There is established and inserting Not later than 60 days after the date of enactment of the Farm Transitions Act of 2024, the Secretary shall establish; (2)in subsection (b)—(A)in the subsection heading, by inserting and recommendations after Study;(B)in the matter preceding paragraph (1), by inserting , and make recommendations relating to, after study on;(C)in paragraph (1)—(i)in subparagraph (B), by inserting and timely after affordable; and(ii)by striking subparagraph (D) and inserting the following:(D)apprenticeships, mentoring programs, business training, and technical assistance programs;;(D)in paragraph (2), by striking this Act and inserting the Farm Transitions Act of 2024;(E)in paragraph (3)—(i)in the matter preceding subparagraph (A), by striking existing and new Federal tax policies and inserting existing and new State and Federal policies, including tax policies; and(ii)in subparagraph (A), by inserting or impede after facilitate;(F)in paragraph (4), by striking and at the end;(G)in paragraph (5)—(i)by striking this Act and inserting the Farm Transitions Act of 2024; and(ii)by striking the period at the end and inserting a semicolon; and(H)by adding at the end the following:(6)heirs’ property and succession of agricultural land; (7)any unique barriers faced by farmers and ranchers in the ability to transfer, inherit, or purchase agricultural assets, including land; and(8)leasing and ownership trends, including leasing and ownership trends by foreign persons or entities.;(3)in subsection (c)(3), by striking this Act and inserting the Farm Transitions Act of 2024;(4)in subsection (f), by striking 1 year after the date of enactment of this Act and inserting 2 years after the date of enactment of the Farm Transitions Act of 2024;(5)in subsection (l), by striking Sections 9 and 14 of the Federal Advisory Committee Act (5 U.S.C. App.) and inserting Sections 1008 and 1013 of title 5, United States Code,; and(6)in subsection (m), by striking 2023 and inserting 2028.