S. 4441, titled the “Capital for Beginning Farmers and Ranchers Act of 2024,” aims to help new farmers and ranchers by creating a pilot program for development loans and guarantees. These loans, which can be up to $100,000 and must be repaid over three to ten years, are for...
Simple Explanation
The "Capital for Beginning Farmers and Ranchers Act of 2024" is like a helping hand for new farmers and ranchers, giving them some money to buy things they need to start and grow their farms, like tools or better soil, but they have to make sure they pay it back within up to ten years.