Farmers and ranchers seeking a USDA loan to buy farmland currently go through a standard application and approval process that can take time. This bill directs the Department of Agriculture to create a pilot program, within one year, offering an expedited qualification and approval track for direct farm-ownership loans, as well as guaranteed loans serviced by USDA-approved "Preferred Certified Lenders" working with creditworthy borrowers. The program can speed up paperwork and approval timing but cannot waive any other lending requirement. USDA must report to the House and Senate Agriculture Committees each year on how the pilot is working, and the expedited-approval authority automatically ends on September 30, 2031, unless Congress renews it.
Transparency & Accountability
- Pilot program reporting — USDA must report annually to Congress on the expedited farm-loan pilot
- Program sunset — Expedited-approval authority ends September 30, 2031 unless renewed
Congressional Summary
Support for Ownership and Investment in Land Act of 2026This bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agriculture (USDA) farm ownership loans.Under a new pilot program, USDA must streamline the application review process for borrowers seeking (1) direct farm ownership loans, or (2) USDA guaranteed farm ownership loans that are serviced by a Preferred Certified Lender. Specifically, USDA must consider streamlining the process for (1) certifying eligibility and reviewing financial information, and (2) making determinations regarding the farming plan and financial situation of an applicant.The pilot program expires on September 30, 2031.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2026-04-23
- Date Added
- 2026-07-16
- Source
- Congress.gov →
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