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US HB2536
Bill
Status
Introduced
4/1/2025
Primary Sponsor
Nikki Budzinski
Click for details
AI Summary
- Establishes the New Producer Economic Security Program within the Farm Service Agency to provide grants, cooperative agreements, and capital support to eligible entities serving new farmers, ranchers, and forest owners
- Targets "qualified beneficiaries" including those who have farmed for 10 years or less, operate only on rented/leased land, or have income at or below 200% of the poverty level or half the county median household income
- Eligible entities include state/local/tribal governments, community development financial institutions, nonprofits, cooperatives, and institutions of higher education to carry out projects increasing access to land, capital, and markets
- Funds must provide direct assistance to beneficiaries for land acquisition, down payment assistance, mortgage subsidies, heirs' property title clearing, infrastructure improvements, succession planning, and technical assistance including translation services
- Requires the Secretary to establish a stakeholder committee within 180 days to advise on fund distribution, with priority given to projects providing direct financial assistance, supporting farmland transition to new producers, and including Tribal right of first refusal provisions
Legislative Description
New Producer Economic Security Act
Agriculture and food
Last Action
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
4/18/2025
Committee Referrals
Subcommittee on General Farm Commodities, Risk Management, and Credit4/18/2025
Agriculture4/1/2025
Full Bill Text
No bill text available