Allows certain farmers and ranchers to pause principal and interest payments on qualifying farm loans for two years from enactment at a very low interest rate, while requiring lenders to waive guaranteed‑loan fees for the covered period (with a limited extension). It also inserts broad farm‑loan program reforms into the Consolidated Farm and Rural Development Act that change eligibility, collateral rules, refinancing, appeal and equitable relief procedures, and lender obligations.

Changes to administrative appeals shift the burden of proof onto the agency (not the appellant) for certain appellants with adjusted gross income at or below $300,000 and require agency heads to implement Division decisions using the same record and information relied on in the decision.