H.R. 5004

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5004 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5004 To amend the Consolidated Farm and Rural Development Act to reduce the eligibility requirement for direct farm real estate loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 19, 2025 Mr. Nunn of Iowa (for himself and Ms. Crockett) introduced the following bill; which was referred to the Committee on Agriculture _______________________________________________________________________ A BILL To amend the Consolidated Farm and Rural Development Act to reduce the eligibility requirement for direct farm real estate loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Next Generation of Farmers Act of 2025''. SEC. 2. REDUCTION OF THE ELIGIBILITY REQUIREMENT FOR DIRECT FARM REAL ESTATE LOANS UNDER THE CONSOLIDATED FARM AND RURAL DEVELOPMENT ACT. Section 302(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922(b)) is amended-- (1) by striking paragraph (1) and inserting the following: ``(1) In general.--The Secretary may make a direct loan under this subtitle only to a farmer or rancher who has at least 1 year of experience substantially participating in the management and business operations of a farm or ranch, as determined by the Secretary, or has other acceptable education or experience for a period of time, as determined by the Secretary.''; and (2) in paragraph (4)-- (A) in subparagraph (A), by striking ``3-year requirement in paragraph (1) to 1 or 2 years'' and inserting ``1-year requirement in paragraph (1) to 6 months''; and (B) in subparagraph (B), by striking ``3-year'' and inserting ``1-year''. <all>