Farm Transitions Act of 2024

Bill: 118-hr-7769
Sponsor: full_name: Rep. Caraveo, Yadira [D-CO-8]
Introduced: 2024-03-21
Policy area: Agriculture and Food
Latest action: action_date: 2024-03-21
text: Referred to the House Committee on Agriculture.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 7769 IN THE HOUSE OF REPRESENTATIVES March 21, 2024 Ms. Caraveo (for herself, Mr. Kelly of Mississippi , Mr. Davis of North Carolina , and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Agriculture Improvement Act of 2018 to reauthorize the Commission on Farm Transitions-Needs for 2050, and for other purposes.

1. Short title This Act may be cited as the Farm Transitions Act of 2024 . 2. Commission on Farm Transitions—Needs for 2050 Section 12609 of the Agriculture Improvement Act of 2018 ( Public Law 115–334 ; 132 Stat. 5009) is amended— (1) in subsection (a), by striking There is established and inserting Not later than 60 days after the date of the enactment of the Farm Transitions Act of 2024 , the Secretary shall establish ; (2) in subsection (b)— (A) in the subsection heading, by inserting and recommendations after Study ; (B) in the matter preceding paragraph (1), by inserting , and make recommendations relating to, after study on ; (C) in paragraph (1)— (i) in subparagraph (B), by inserting and timely after affordable ; and (ii) by striking subparagraph (D) and inserting the following: (D) apprenticeships, mentoring programs, business training, and technical assistance programs; . (D) in paragraph (3)— (i) in the matter preceding subparagraph (A), by striking existing and new Federal tax policies and inserting existing and new State and Federal policies, including tax policies ; and (ii) in subparagraph (A), by inserting or impede after facilitate ; (E) in paragraph (4), by striking and at the end; (F) in paragraph (5), by striking the period at the end and inserting a semicolon; and (G) by adding at the end the following: (6) heirs’ property and succession of agricultural land; (7) any unique barriers faced by historically underserved and women farmers and ranchers in the ability to transfer, inherit, or purchase agricultural assets, including land; and (8) leasing and ownership trends, including leasing and ownership trends by foreign persons or entities. ; (3) in subsection (f), by striking 1 year after the date of enactment of this Act and inserting 2 years after the date of enactment of the Farm Transitions Act of 2024 ; and (4) in subsection (m), by striking 2023 and inserting 2028 .