Bill · S. 899· Senate(119-S-899)
Producer and Agricultural Credit Enhancement Act of 2025
- Introduced
- 3/6/2025
- Last activity
- 3/6/2025 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- John Hoeven
- Cosponsors
- - 0 - 2
- Introduced
- In Committee
What this bill would do
The Producer and Agricultural Credit Enhancement Act of 2025 aims to amend the Consolidated Farm and Rural Development Act. It modifies the maximum amounts allowed for farm ownership and operating loans. The bill also changes how the inflation percentage is calculated by using land values instead of a specific index. Additionally, it adjusts the down payment loan program and increases the limit on microloans. Finally, it directs the Secretary of Agriculture to create regulations for refinancing certain guaranteed loans into direct loans.
Yes· 3 of 7
Would business owners be better off under this?+5
The bill significantly increases maximum amounts for farm ownership, operating, and microloans.
Would farmers be better off under this?+5
The bill provides increased loan limits and new refinancing options for distressed operations.
Would people in rural areas be better off under this?+3
Increased agricultural credit limits can bolster the economic viability of rural communities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Loan Limits: The bill raises the maximum amount for farm ownership loans to $850,000, or up to $3,000,000 for loans guaranteed by the Secretary (Section 2(a)). It also increases operating loan limits to $750,000, or up to $2,600,000 for those guaranteed by the Secretary (Section 2(b)).
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Larger Microloans: The maximum amount for microloans is increased from $50,000 to $100,000 (Section 5).
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Loan Refinancing Options: The bill allows for certain distressed guaranteed loans to be refinanced into direct loans if the borrower has attempted to work with their lender and there is a reasonable chance the operation can be successful (Section 6(b)).
Potential Negative Impacts for People
-
New Requirements for Refinancing: To access the new refinancing options, the Secretary must determine that the borrower has attempted to work with a lender unsuccessfully and that all problems with the operation can be identified and corrected to achieve a sound financial basis (Section 6(b)).
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Regulatory Restrictions: Direct loans issued through the refinancing process remain subject to existing maximum amount limitations (Section 6(e)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Farmers+5Good For Rural Residents+3
- Economy And Finance
- Improves Economic Growth+2Increases Job Creation+2
- Environment Energy And Infrastructure
- Improves Rural Development+3
- Social Issues And Justice
- Improves Poverty Reduction+1
- 5/8/2025
- 1 Cosponsor added.
- 3/6/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Amy KlobucharDemocrat · Minnesota
Elissa SlotkinDemocrat · Michigan