A bill to amend the Consolidated Farm and Rural Development Act, to provide an alternate method of making loans for acquisition and improvements of the farm, needed by farm families, including young farmers, and to provide the borrower family with adequate standards of living and the consumer with reasonable prices for dairy and other agricultural products, as well as to maintain and improve national health.
Young Farmers Investment Act - Authorizes the Secretary of Agriculture to make direct and insured loans under the Consolidated Farmers Home Administration Act to persons with low net income or low net worth for acquiring and improving owner-operated farms up to the present market value of the farm.
Grants special consideration to young farmers with respect to such loans.
Sets forth limitations on the amount, interest rate, and period of time for such loans.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
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