Producer and Agricultural Credit Enhancement Act of 2023

Hozzl · 2024-03-13T23:17:45Z

Explore the details of Senate Bill 2890 Producer and Agricultural Credit Enhancement Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

3/13/2024, 11:17 PM

Summary of Bill S 2890

Bill 118 s 2890, also known as the Producer and Agricultural Credit Enhancement Act of 2023, aims to provide support and assistance to producers and farmers in the agricultural industry. The bill focuses on enhancing access to credit for agricultural producers, particularly those facing financial challenges.

One key aspect of the bill is the establishment of a program that will provide loan guarantees to agricultural producers, making it easier for them to secure financing for their operations. This program aims to reduce the financial risk for lenders, encouraging them to provide credit to producers who may not otherwise qualify for traditional loans.

Additionally, the bill includes provisions for technical assistance and training programs to help producers improve their financial management skills and access resources to enhance their operations. This support is intended to help producers navigate the complexities of the agricultural industry and make informed decisions about their businesses. Overall, the Producer and Agricultural Credit Enhancement Act of 2023 seeks to strengthen the agricultural sector by providing producers with the tools and resources they need to succeed. By enhancing access to credit and providing support services, the bill aims to promote the long-term viability of the agricultural industry and support the livelihoods of producers across the country.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 2890

Bill S 2890 is currently in the status of Bill Introduced since September 21, 2023. Bill S 2890 was introduced during Congress 118 and was introduced to the Senate on September 21, 2023. Bill S 2890's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of September 21, 2023

Bipartisan Support of Bill S 2890

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2890

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill S 2890

Producer and Agricultural Credit Enhancement Act of 2023Producer and Agricultural Credit Enhancement Act of 2023A 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.

Start holding our government accountable!