The bill, H. R. 8598, aims to support new farmers and ranchers by establishing a pilot program for development loans and loan guarantees. These loans will help cover early investment costs, such as acquiring tools or developing branding. The loans will have terms between 3...
Simple Explanation
The bill wants to help new farmers and ranchers by giving them special loans to buy things they need, like tools, with low-interest rates and training to run their farms better.