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S. 1736: Capital for Farmers and Ranchers Act

The text of the bill below is as of Aug 3, 2017 (Introduced).

II

115th CONGRESS

1st Session

S. 1736

IN THE SENATE OF THE UNITED STATES

August 3, 2017

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

A BILL

To amend the Consolidated Farm and Rural Development Act to adjust limitations on certain Farm Service Agency guaranteed and direct loans.

1.

Short title

This Act may be cited as the Capital for Farmers and Ranchers Act .

2.

Farm loan funding reform

(a)

Limitations on amount of farm ownership loans

Section 305(a)(2) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1925(a)(2)) is amended—

(1)

by striking $300,000 and inserting $600,000;

(2)

by striking $700,000 and inserting $2,500,000; and

(3)

by striking 2000 and inserting 2017.

(b)

Limitations on amount of operating loans

Section 313(a)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1943(a)(1)) is amended—

(1)

by striking $300,000 and inserting $600,000;

(2)

by striking $700,000 and inserting $2,500,000; and

(3)

by striking 2000 and inserting 2017.