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HR 6169119th CongressIn Committee
Fair Credit for Farmers Act
Introduced: Nov 20, 2025
Sponsor: Rep. Adams, Alma S. [D-NC-12] (D-North Carolina)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Fair Credit for Farmers Act amends farm loan and appeals provisions to provide financial relief to eligible farmers and ranchers, including payment deferments, low interest rates, and fee waivers, while reforming loan eligibility, collateralization, and the National Appeals Division process.
Key Points
- 1Deferment of principal and interest on direct farm loans for 2 years for eligible borrowers.
- 2Interest rate on deferred loans set to 0.125% during the deferment period.
- 3Waiver of guarantee fees for covered producers on guaranteed farm loans for at least 2 years.
- 4Revisions to loan eligibility, including expanded qualifications for beginning farmers and revised collateralization rules.
- 5Reform of the National Appeals Division to shift burden of proof to low‑income appellants.
Impact Areas
Farmers and ranchers receiving or applying for federal farm loansLenders and financial institutions providing farm loansUSDA Farm Service Agency and National Appeals DivisionState and local agricultural agenciesFarm loan borrowers experiencing financial distress
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