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Senate Bill 2685
115th Congress(2017-2018)
Farmers of Tomorrow Act
Introduced
Introduced
Introduced in Senate on Apr 17, 2018
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Introduced in Senate 
Apr 17, 2018
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Introduced in Senate(Apr 17, 2018)
Apr 17, 2018
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S. 2685 (Introduced-in-Senate)


115th CONGRESS
2d Session
S. 2685


To modify certain requirements for farm ownership loan eligibility.

IN THE SENATE OF THE UNITED STATES

April 17, 2018

Mr. Udall (for himself and Mr. Inhofe) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To modify certain requirements for farm ownership loan eligibility.

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 “Farmers of Tomorrow Act”.

SEC. 2. Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans.

(a) In general.—Section 302(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922(b)) is amended—

(1) in paragraph (1)—

(A) by striking “(3)” and inserting “(5)”; and

(B) by inserting “(not exceeding 2 years)” after “period of time”; and

(2) by redesignating paragraphs (2) and (3) as paragraphs (4) and (5), respectively, and inserting after paragraph (1) the following:

“(2) OTHER ACCEPTABLE EXPERIENCE.—In determining whether a farmer or rancher has other acceptable experience under paragraph (1), the Secretary may count any of the following:

“(A) at least 16 hours of post-secondary education in a field related to agriculture;

“(B) successful completion of a farm management curriculum offered by the Cooperative Extension Service, a community college, an adult vocational agriculture program, a non-profit organization, or a land grant university;

“(C) at least 1 year of direct substantive management experience in a business;

“(D) an honorable discharge from the armed forces of the United States;

“(E) successful repayment of a youth loan made under section 311(b);

“(F) at least 1 year as hired farm labor with substantial management responsibilities;

“(G) successful completion of a farm mentorship, apprenticeship, or internship program with an emphasis on management requirements and day-to-day farm management decisions;

“(H) an established relationship with an individual participating as a counselor in a Service Corps of Retired Executives program authorized under section 8(b)(1)(B) of the Small Business Act (15 U.S.C. 637(b)(1)(B)), or with a local farm or ranch operator or organization, approved by the Secretary, that is committed to mentoring the farmer or rancher; and

“(I) successful completion of a military leadership course.

“(3) DEEMING RULE.—For purposes of paragraph (1), a farmer or rancher is deemed to have participated in the business operations of a farm or ranch for not less than 3 years or have other acceptable experience for a period of time, as determined by the Secretary, if the farmer or rancher meets the requirements of subparagraphs (F), (H), and (I) of paragraph (2).”.

(b) Conforming amendment.—Section 310D(a)(2) of such Act (7 U.S.C. 1934(a)(2)) is amended by striking “paragraphs (2) through (4) of section 302” and inserting “subparagraphs (A) through (D) of section 302(a)(1)”.