A bill to amend the Consolidated Farm and Rural Development Act to provide credit assistance to qualified beginning farmers and ranchers, and for other purposes.
Beginning Farmer and Rancher Credit Act of 1991 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a farm ownership down payment loan program.
Provides for: (1) Federal-State assistance coordination for beginning farmers and ranchers; and (2) the establishment of an Advisory Committee on Beginning Farmers and Ranchers.
Targets farm ownership loans, and interest rate assistance to beginning farmers and ranchers.
Reduces maximum amounts for farm ownership and operating loans and loan guarantees.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Referred to Subcommittee on Agricultural Credit.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line