H.R. 5004

119th CONGRESS 1st Session

To amend the Consolidated Farm and Rural Development Act to reduce the eligibility requirement for direct farm real estate loans, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · August 19, 2025 · Sponsor: Mr. Nunn of Iowa · Committee: Committee on Agriculture

Table of contents

• H.R. 5004
  • SEC. 1. Short title
  • SEC. 2. Reduction of the eligibility requirement for direct farm real estate loans under the Consolidated Farm and Rural Development Act

SEC. 1. Short title

• This Act may be cited as the Next Generation of Farmers Act of 2025.

SEC. 2. Reduction of the eligibility requirement for direct farm real estate loans under the Consolidated Farm and Rural Development Act

• Section 302(b) of the Consolidated Farm and Rural Development Act () is amended— 7 U.S.C. 1922(b)
  • (1) In general
    • The Secretary may make a direct loan under this subtitle only to a farmer or rancher who has at least 1 year of experience substantially participating in the management and business operations of a farm or ranch, as determined by the Secretary, or has other acceptable education or experience for a period of time, as determined by the Secretary.
  • by striking paragraph (1) and inserting the following:
  • in paragraph (4)—
    • in subparagraph (A), by striking 3-year requirement in paragraph (1) to 1 or 2 yearsand inserting 1-year requirement in paragraph (1) to 6 months; and
    • in subparagraph (B), by striking 3-yearand inserting 1-year.