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S. 3936119th CongressIn committeeLatest action Feb 26, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The bill lowers the USDA farm loan ownership threshold from "majority" to "at least 50 percent."
45-second read · 4 questions answered below
This bill changes eligibility rules for USDA farm ownership, operating, and emergency loans, lowering the required ownership stake from more than 50% to at least 50%. It also sets clearer standards for layered or "embedded" farm business structures, including a rule that entities qualify if at least 75% of ownership traces back to qualified farm operators, and gives the USDA Secretary authority to define "qualified operator" and adjust ownership thresholds.
Farmers, ranchers, and agricultural businesses that use USDA-backed loans for land purchases, operating costs, or disaster recovery, particularly co-owners, partnerships, and multi-generational farm businesses with split ownership.
The change could allow some co-owners and complex farm business structures that previously failed strict majority-ownership rules to qualify for these loans, since it is a technical and administrative update rather than a new program.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.