Sec. 203. Young, beginning, and small farmers and ranchers and locally or regionally produced agricultural products
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Section 4.19(a) of the Farm Credit Act of 1971 ( 12 U.S.C. 2207(a) ) is amended— in the first sentence by inserting and for the production of locally or regionally produced agricultural food products (as defined in section 310B(g)(10)(A) of the Consolidated Farm and Rural Development Act) before the period; and by inserting after the second sentence the following: Each such program shall include initiatives and may include grants to support current and future borrowers by helping to organize, build, expand, or improve infrastructure and markets for locally or regionally produced agricultural food products (as so defined). .
Section 4.19 of such Act (12 U.S.C. 2207(b)) is amended by adding at the end the following: The Farm Credit Administration shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate an annual report that contains a summary and analysis of the operations and achievements of the Farm Credit System as a whole in meeting the objectives of this section. The Farm Credit Administration shall notify the Congress whenever a program is out of compliance with this section, and indicate in the notice the steps the Farm Credit Administration is taking in response. .
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Sec. 203
Young, beginning, and small farmers and ranchers and locally or regionally produced agricultural products
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