HR 2401 · 102th Congress · Agriculture and Food

Beginning Farmer and Rancher Credit Act of 1991

Introduced 1991-05-20· Sponsored by Rep. Penny, Timothy J. [D-MN-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.4906.(1992-04-09)

Plain Language Summary

[AI summary unavailable — showing source text] Beginning Farmer and Rancher Credit Act of 1991 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a farm ownership down payment loan program. Provides for: (1) Federal-State assistance coordination for beginning farmers and ranchers; and (2) the establishment of an Advisory Committee on Beginning Farmers and Ranchers. Targets farm ownership loans, loan guarantees, and interest rate assistance to beginning farmers and ranchers. Reduces maximum amounts for farm ownership and operating loans and loan guarantees.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

13 Democrats6 Republicans1 Independent