A bill to amend the Consolidated Farm and Rural Development Act to modify limitations on amounts of farm ownership loans and operating loans, and for other purposes.

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Bill 119 s 899, also known as the Farm Ownership and Operating Loans Modification Act, aims to make changes to the Consolidated Farm and Rural Development Act. The main focus of this bill is to adjust the restrictions on the amounts of farm ownership loans and operating loans that farmers can receive.

The bill seeks to provide more flexibility for farmers by increasing the limits on these loans, allowing them to access more financial support to purchase land or cover operating expenses. This is intended to help farmers expand their operations, improve their productivity, and ultimately contribute to the overall growth of the agricultural sector.

In addition to modifying loan limitations, the bill also includes provisions for other purposes related to farm and rural development. These additional measures are aimed at addressing various challenges faced by farmers, such as access to credit, land ownership, and sustainable farming practices. Overall, Bill 119 s 899 is designed to support the agricultural industry by providing farmers with the necessary financial resources to thrive and succeed in their operations. It is a bipartisan effort to promote economic growth in rural communities and ensure the long-term viability of the farming sector.