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S 3126119th CongressIn Committee
Fair Credit for Farmers Act of 2025
Introduced: Nov 6, 2025
Sponsor: Sen. Welch, Peter [D-VT] (D-Vermont)
Agriculture & FoodEconomy & TaxesFinancial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Fair Credit for Farmers Act of 2025 reforms farm loans by deferring payments for eligible borrowers, reducing interest rates, and modifying collateralization rules. It also improves the National Appeals Division process, expands equitable relief eligibility, and waives fees for covered producers to enhance access to credit.
Key Points
- 1Defers principal and interest payments for eligible distressed farmers for 2 years, extending loan maturity periods.
- 2Reduces interest rates to 0.125% during the deferment period for direct farm loans.
- 3Restructures loan collateralization requirements, prioritizing non-residential assets and limiting principal residence use.
Impact Areas
Limited resource, beginning, socially disadvantaged, and veteran farmers/ranchersUSDA Farm Service Agency (FSA) loan programsNational Appeals Division (NAD) administrative processesGuaranteed farm loan lenders and borrowers
Generated by legislative-analyzer-v3 on Nov 16, 2025