Sec. 2. Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans
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Section 302(b) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1922(b) ) is amended— in paragraph (1)— by striking
(3)and inserting
(5); and by inserting (not exceeding 2 years) after period of time ; and by redesignating paragraphs
(2)and
(3)as paragraphs
(4)and (5), respectively, and inserting after paragraph
(1)the following: In determining whether a farmer or rancher has other acceptable experience under paragraph (1), the Secretary may count any of the following: at least 16 hours of post-secondary education in a field related to agriculture; successful completion of a farm management curriculum offered by the Cooperative Extension Service, a community college, an adult vocational agriculture program, a non-profit organization, or a land grant university; at least 1 year of direct substantive management experience in a business; an honorable discharge from the armed forces of the United States; successful repayment of a youth loan made under section 311(b); at least 1 year as hired farm labor with substantial management responsibilities; successful completion of a farm mentorship, apprenticeship, or internship program with an emphasis on management requirements and day-to-day farm management decisions; an established relationship with an individual participating as a counselor in a Service Corps of Retired Executives program authorized under section 8(b)(1)(B) of the Small Business Act ( 15 U.S.C. 637(b)(1)(B) ), or with a local farm or ranch operator or organization, approved by the Secretary, that is committed to mentoring the farmer or rancher; and successful completion of a military leadership course. For purposes of paragraph (1), a farmer or rancher is deemed to have participated in the business operations of a farm or ranch for not less than 3 years or have other acceptable experience for a period of time, as determined by the Secretary, if the farmer or rancher meets the requirements of subparagraphs (F), (H), and
(I)of paragraph (2). . Section 310D(a)(2) of such Act ( 7 U.S.C. 1934(a)(2) ) is amended by striking paragraphs
(2)through
(4)of section 302 and inserting subparagraphs
(A)through
(D)of section 302(a)(1) .
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Sec. 2
Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans
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