Healthy Soil, Resilient Farmers Act of 2020

Bill: 116-hr-8057
Sponsor: full_name: Rep. Spanberger, Abigail Davis [D-VA-7]
Introduced: 2020-08-14
Policy area: Agriculture and Food
Subjects: Agricultural conservation and pollution

Agricultural practices and innovations

Agricultural prices, subsidies, credit

Farmland

Government lending and loan guarantees

Interest, dividends, interest rates
Latest action: action_date: 2020-10-01
text: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Summaries:
action_date: 2020-08-14
action_desc: Introduced in House
text: <p><b>Healthy Soil, Resilient Farmers Act of 2020</b></p> <p>This bill revises the conservation loan and loan guarantee program of the Department of Agriculture (USDA) to authorize USDA to provide loans for soil health transition plans. A soil health transition plan is a comprehensive, whole-farm plan, approved by USDA, that, for a farming or ranching operation, identifies the conservation activities that will be addressed with loan funds provided or guaranteed to assist the borrower in making a transition to a farming or ranching production and conservation system.</p> <p>USDA may limit eligibility for soil health transition loans to certain entities, including farmers or ranchers whose farm or ranch land is subject to the jurisdiction of an Indian tribe.</p> <p>USDA must establish terms and conditions for making or guaranteeing soil health transition loans that waive principal and interest repayment for up to three years from the date on which the loan is made or guaranteed in order for the borrower to make a satisfactory transition to the farming or ranching production and conservation system under a soil health transition plan.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 8057 IN THE HOUSE OF REPRESENTATIVES August 14, 2020 Ms. Spanberger introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Consolidated Farm and Rural Development Act with respect to the conservation loan and loan guarantee program.

1. Short title This Act may be cited as the Healthy Soil, Resilient Farmers Act of 2020 . 2. Conservation loan and loan guarantee program (a) Definitions Section 304(b) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924(b) ) is amended— (1) in paragraph (2), by inserting or a soil health transition plan after conservation plan ; and (2) by adding at the end the following: (4) Soil health transition loan The term soil health transition loan means a qualified conservation loan with respect to which the applicable qualified conservation project addresses provisions of a soil health transition plan. (5) Soil health transition plan The term soil health transition plan means a comprehensive, whole-farm plan, approved by the Secretary, that, for a farming or ranching operation, identifies the conservation activities that will be addressed with loan funds provided or guaranteed under this section to assist the borrower in making a transition to a farming or ranching production and conservation system that includes one or more of the following: (A) Cover cropping or other continuous living cover systems. (B) Resource-conserving crop rotation, as defined in section 1240L(d)(1) of the Food Security Act of 1985 ( 16 U.S.C. 3839aa–24 ). (C) Advanced grazing management, including management-intensive rotational grazing, as defined in section 1240L(d)(1) of the Food Security Act of 1985 ( 16 U.S.C. 3839aa–24 ). (D) Certified organic production under the Organic Foods Production Act of 1990 ( 7 U.S.C. 6501 et seq.). (E) Such other soil health management systems, including systems to increase soil carbon levels, as the Secretary may designate. . (b) Eligibility Section 304(c)(2) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924(c)(2) ) is amended by striking subparagraphs (A) and (B) and inserting subparagraphs (A), (B), and (C) . (c) Priority Section 304(d) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924(d) ) is amended— (1) in paragraph (2), by striking ; and and inserting a semicolon; (2) in paragraph (3), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following: (4) farmers or ranchers whose farm or ranch land is subject to the jurisdiction of an Indian tribe. . (d) Administrative provisions Section 304(f) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1924(f) ) is amended— (1) by striking The Secretary and inserting the following: (1) In general The Secretary ; and (2) by adding at the end the following: (2) Soil health transition loans (A) Limitations permitted In making or guaranteeing soil health transition loans under this section, the Secretary may limit eligibility to individuals and entities described in subsection (d). (B) Waiver of principal and interest The Secretary shall establish terms and conditions for making or guaranteeing soil health transition loans under this section that waive principal and interest repayment for up to three years from the date on which the loan is made or guaranteed in order for the borrower to make a satisfactory transition to the farming or ranching production and conservation system to be adopted under the soil health transition plan. .