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Relief for America's Small Farmers Act
12/30/2022, 5:32 PM
Summary of Bill HR 3782
Bill 117 HR 3782, also known as the Relief for America's Small Farmers Act, aims to provide financial assistance and relief to small farmers in the United States who have been negatively impacted by various economic challenges. The bill recognizes the important role that small farmers play in the nation's food supply chain and seeks to support them during times of hardship.
The key provisions of the bill include the establishment of a grant program that will provide funding to small farmers to help cover operating expenses, such as equipment purchases, seed and fertilizer costs, and other necessary expenses. The bill also includes provisions for low-interest loans and debt forgiveness for small farmers who are struggling to stay afloat.
Additionally, the Relief for America's Small Farmers Act includes measures to improve access to markets for small farmers, including funding for marketing and promotional activities, as well as support for farmers markets and other direct-to-consumer sales channels. The bill also includes provisions to support sustainable farming practices and conservation efforts, recognizing the importance of environmental stewardship in agriculture. Overall, the Relief for America's Small Farmers Act aims to provide much-needed support and relief to small farmers who are facing economic challenges, and to ensure the long-term viability of small-scale agriculture in the United States.
The key provisions of the bill include the establishment of a grant program that will provide funding to small farmers to help cover operating expenses, such as equipment purchases, seed and fertilizer costs, and other necessary expenses. The bill also includes provisions for low-interest loans and debt forgiveness for small farmers who are struggling to stay afloat.
Additionally, the Relief for America's Small Farmers Act includes measures to improve access to markets for small farmers, including funding for marketing and promotional activities, as well as support for farmers markets and other direct-to-consumer sales channels. The bill also includes provisions to support sustainable farming practices and conservation efforts, recognizing the importance of environmental stewardship in agriculture. Overall, the Relief for America's Small Farmers Act aims to provide much-needed support and relief to small farmers who are facing economic challenges, and to ensure the long-term viability of small-scale agriculture in the United States.
Congressional Summary of HR 3782
Relief for America's Small Farmers Act
This bill provides loan forgiveness of up to $250,000 for certain borrowers who are actively engaged in farming, have an average annual adjusted gross income of $300,000 or less over the previous five years, and have certain Department of Agriculture farm loans.
The loan forgiveness is subject to the condition that the applicable borrower must continue to be actively engaged in farming for at least two years after receiving such forgiveness.
Read the Full Bill
Current Status of Bill HR 3782
Bill HR 3782 is currently in the status of Bill Introduced since June 8, 2021. Bill HR 3782 was introduced during Congress 117 and was introduced to the House on June 8, 2021. Bill HR 3782's most recent activity was Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. as of July 7, 2021
Bipartisan Support of Bill HR 3782
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
14Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3782
Primary Policy Focus
Agriculture and FoodPotential Impact Areas
- Agricultural prices, subsidies, credit
- Government lending and loan guarantees
- Income tax exclusion
Alternate Title(s) of Bill HR 3782
Relief for America's Small Farmers Act
To provide loan forgiveness for certain borrowers of Department of Agriculture direct farm loans, and for other purposes.
Relief for America's Small Farmers Act
Comments
Sponsors and Cosponsors of HR 3782
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