H.R. 5004

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5004 Introduced in House (IH)]

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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''.
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