A bill to amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes.

6/4/2024, 10:56 AM

Summary of Bill S 4441

Bill 118 s 4441, also known as the Beginning Farmer and Rancher Opportunity Act, aims to amend the Consolidated Farm and Rural Development Act to establish a pilot program that will provide development loans and loan guarantees to new farmers and ranchers. The goal of this program is to support and encourage individuals who are just starting out in the agriculture industry.

The bill recognizes the challenges that beginning farmers and ranchers face, such as limited access to capital and resources. By offering financial assistance through loans and guarantees, these individuals will have the opportunity to establish and grow their operations. This will not only benefit the farmers and ranchers themselves, but also contribute to the overall sustainability and success of the agriculture industry.

In addition to providing financial support, the bill also includes provisions for technical assistance and mentorship programs to help new farmers and ranchers navigate the complexities of starting and running a successful agricultural business. By offering a comprehensive support system, the bill aims to increase the likelihood of success for beginning farmers and ranchers. Overall, the Beginning Farmer and Rancher Opportunity Act is a proactive and forward-thinking piece of legislation that seeks to address the needs of a new generation of farmers and ranchers. By providing financial assistance, technical support, and mentorship opportunities, the bill aims to foster the growth and success of the agriculture industry while supporting individuals who are just starting out in the field.

Current Status of Bill S 4441

Bill S 4441 is currently in the status of Bill Introduced since June 3, 2024. Bill S 4441 was introduced during Congress 118 and was introduced to the Senate on June 3, 2024. Bill S 4441's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of June 3, 2024

Bipartisan Support of Bill S 4441

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 4441

Primary Policy Focus

Alternate Title(s) of Bill S 4441

A bill to amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes.A bill to amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes.

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Sponsors and Cosponsors of S 4441

Peter Welch

Vermont(Democrat)

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