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New Producer Economic Security Act

Bill Number
S. 1237
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Agriculture and Food
Status
Introduced
Latest Action
2025-04-01: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Last Updated
2026-06-16T15:01:22Z

AI-Generated Summary

Purpose of the Legislation

The New Producer Economic Security Act (S. 1237) aims to bolster U.S. food system security by funding community-driven efforts to help new or disadvantaged farmers, ranchers, and forest owners gain access to land, capital, and markets. It focuses on supporting the startup and long-term success of these producers, including improving their financial stability, health, and ability to prevent land loss or transition farmland from retiring owners.

Key Provisions

Significant Changes to Existing Law

This bill introduces an entirely new program within the FSA, expanding USDA's outreach to support beginning and disadvantaged producers. It builds on but does not amend existing laws like the Farm Credit Act or Community Development Banking Act; instead, it creates fresh funding mechanisms (e.g., revolving loans) and priorities (e.g., tribal land rights, conservation easements) to address gaps in land access and equity not explicitly covered in prior farm bills. It excludes foreign entities and passive investors, tightening eligibility compared to some general USDA programs.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Smith, Tina [D-MN]

Cosponsors (2)

Sen. Reed, Jack [D-RI], Sen. Schiff, Adam B. [D-CA]

Recent Actions

Bill Versions

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