,i #aad? ,,congress #b;d ,session ,h4 ,r4 #eheg ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #ad1 #bjaf,mr4 ,sean ,patrick ,maloney ( ,new ,york introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture1 & 9 addition to ! ,committees on ,ways & ,means1 & ,ov]sight & ,gov]nm5t ,re=m1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to improve ! ability ( beg9n+ f>m]s 9 ! ,unit$ ,/ates to acquire f>ms & p>ticipate 9 agricultural production1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,beg9n+ ,f>m]s ,ag5da ,act ( #bjaf4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,title ,i--,improv$ ,access to ,l& ,sec4 #aja4 ,l& tru/ eligibility = assi/ance = agricultural l& easem5ts4 ,sec4 #ajb4 ,priority = option to pur*ase at agricultural value 9 agricultural l& easem5ts4 ,sec4 #ajc4 ,exclusion ( ga9 f sale ( f>m or ran* to a qualifi$ agricultural pur*as]4 ,sec4 #ajd4 ,prequalification ( prospective applicants = cr$it f ,f>m ,s]vice ,ag5cy programs4 ,sec4 #aje4 ,increase 9 limitation on am\nt ( direct f>m own]%ip loans2 inflation indexation ( limit4 ,sec4 #ajf4 ,m9imum fund+ p]c5tage = agricultural l& easem5ts & wetl& res]ve easem5ts4 ,sec4 #ajg4 ,report on agricultural cons]vation easem5t program4 ,title ,,ii--,improv$ ,access to ,dep>tm5t ( ,agriculture ,tra9+ & ,programs ,sec4 #bja4 ,beg9n+ f>m] coord9ation4 ,sec4 #bjb4 ,transf] ( ,advisory ,committee on ,beg9n+ ,f>m]s & ,ran*]s to jurisdiction ( ,f>m ,s]vice ,ag5cy4 ,sec4 #bjc4 ,dep>tm5t ( ,agriculture on-l9e cu/om] self-s]vice portal4 ,sec4 #bjd4 ,ext5sion ( beg9n+ f>m] & ran*] developm5t program to provide tra9+1 education1 outrea*1 & te*nical assi/ance initiatives4 ,sec4 #bje4 ,m&atory fund+ = beg9n+ f>m] & ran*] individual developm5t acc\nts pilot program4 ,sec4 #bjf4 ,sale ( surplus f>m equipm5t or prop]ty to socially disadvantag$ f>m]s or ran*]s1 vet]an f>m]s or ran*]s1 & beg9n+ f>m]s or ran*]s4 ,title ,,iii--,inve/m5t 9 ,local & ,regional ,food ,sy/ems ,sec4 #cja4 ,m&atory fund+ = f>m]s' m>ket & local food promotion program4 ,sec4 #cjb4 ,grants to support f>m viability programs4 ,i ,improv$ ,access to ,l& #aja4 ,l& tru/ eligibility = assi/ance = agricultural l& easem5ts 7a7 ,l& tru/s ,section #abfe;,b ( ! ,food ,security ,act ( #aihe 7#af ,u4,s4,c4 #chfe;b7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,l& tru/s 7#a7 ,eligibility = assi/ance ,not)/&+ section #ajja;,d7b71 an eligible entity t is a qualifi$ l& tru/1 z det]m9$ by ! ,secret>y1 may receive assi/ance "u ?is section4 7#b7 ,assi/ance = res]vation ( easem5t ,! ,secret>y may provide assi/ance to an eligible entity t is a qualifi$ l& tru/ to supplem5t ! sale price ( eligible l& to a f>m] or ran*]1 :o is n ineligible to receive assi/ance "u section #ajja;,d1 if ! eligible entity t is a qualifi$ l& tru/ res]ves = itself an agricultural l& easem5t 9 ! eligible l&4 4 7b7 ,con=m+ am5dm5t ,section #ajja;,d7b77#a7 ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh-c;a7b77#a77 is am5d$ by /rik+ ,not)/&+ & ins]t+ ,except z provid$ 9 section #abfe;,b7e71 not)/&+4 #ajb4 ,priority = option to pur*ase at agricultural value 9 agricultural l& easem5ts ,section #abfe;,b7b77#c7 ( ! ,food ,security ,act ( #aihe 7#af ,u4,s4,c4 #chfe;b7b77#c77 is am5d$ by add+ at ! end ! foll[+3 7,d7 ,priority ,9 evaluat+ applications "u ! program1 ! ,secret>y may give priority to an application = ! pur*ase ( an agricultural l& easem5t t ma9ta9s agricultural viability or includes1 z a condition ( ! easem5t1 a requirem5t t any subsequ5t pur*ase ( ! l& subject to ! easem5t %all be at agricultural value1 z det]m9$ by ! ,secret>y1 or bo?4 4 #ajc4 ,exclusion ( ga9 f sale ( f>m or ran* to a qualifi$ agricultural pur*as] 7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #aci;,e ! foll[+3 #aci;,f4 ,ga9 f sale ( f>m or ran* to a qualifi$ agricultural pur*as] 7a7 ,9 g5]al ,9 ! case ( an individual1 gross income %all n include ga9 f ! sale or ex*ange ( prop]ty if-- 7#a7 dur+ ! #c-ye> p]iod end+ on ! date ( ! sale or ex*ange1 su* prop]ty has be5 own$ & us$ by ! taxpay] 9 a f>m+ bus9ess 7z def9$ 9 section #bfc;,a7e771 7#b7 su* prop]ty is acquir$ by a qualifi$ agricultural pur*as]1 7#c7 imm$iately be=e su* sale or ex*ange1 ! qualifi$ agricultural pur*as] does n own prop]ty t1 9 aggregate acreage1 is great] ?an or equal to twice ! av]age f>m size 9 ! c\nty 9 :i* ! prop]ty subject to ! sale or ex*ange is locat$1 & 7#d7 9 connection ) su* transf] !re is 9 effect a re/riction 7grant$ 9 p]petuity7 t su* prop]ty be us$ 9 a f>m+ bus9ess 7z s def9$74 7b7 ,limitations 7#a7 ,9 g5]al ,! am\nt ( ga9 exclud$ f gross income "u subsection 7a7 ) respect to any sale or ex*ange %all n exce$ #bej1jjj4 7#b7 ,special rule = jo9t returns ,9 ! case ( a jo9t return = ! taxable ye> ( ! sale or ex*ange ( ! prop]ty1 p>agraph 7#a7 %all be appli$ by sub/itut+ #ejj1jjj = #bej1jjj if-- 7,a7 ei!r sp\se meets ! own]%ip requirem5ts ( subsection 7a7 ) respect to su* prop]ty1 & 7,b7 bo? sp\ses meet ! use requirem5ts ( subsection 7a7 ) respect to su* prop]ty4 7c7 ,qualifi$ agricultural pur*as] ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m qualifi$ agricultural pur*as] means an individual :o is-- 7,a7 a beg9n+ f>m] or ran*]1 7,b7 a socially disadvantag$ f>m] 7z def9$ 9 section #beja7;e7 ( ! ,food1 ,agriculture1 ,cons]vation1 & ,trade ,act ( #aiij 7#g ,u4,s4,c4 #bbgi7;e771 or 7,c7 a vet]an f>m] or ran*] 7z def9$ 9 7z def9$ 9 section #beja7;e7 ( ! ,food1 ,agriculture1 ,cons]vation1 & ,trade ,act ( #aiij 7#g ,u4,s4,c4 #bbgi7;e7774 7#b7 ,beg9n+ f>m] or ran*] ,= purposes ( ?is section-- 7,a7 ,9 g5]al ,! t]m beg9n+ f>m] or ran*] means an individual or entity :o-- 7i7 has n op]at$ a f>m or ran*1 or :o has op]at$ a f>m or ran* = n m ?an #aj consecutive ye>s1 & 7ii7 w mat]ially & sub/antially p>ticipate 9 ! op]ation ( ! f>m or ran*4 7,b7 ,mat]ial & sub/antial p>ticipation ,= purposes ( subp>agraph 7,a71 mat]ial & sub/antial p>ticipation means-- 7i7 9 ! case ( an individual1 t ! individual provides sub/antial day-to-day labor & managem5t ( ! f>m or ran*1 consi/5t ) ! practices 9 ! c\nty or ,/ate :]e ! f>m is locat$1 & 7ii7 9 ! case ( an entity1 t all %>ehold]s1 hold]s ( a capital or pr(its int]e/ 9 ! case ( a p>tn]%ip1 or hold]s ( a b5eficial int]e/ 9 ! case ( a tru/ or coop]ative provide "s am\nt ( ! managem5t or labor necess>y = day-to-day activities su* t if ea* ( ! memb]s did n provide ^! inputs1 op]ation ( ! f>m or ran* w\ld be s]i\sly impair$4 7d7 ,applicable rules ,= purposes ( ?is section1 rules simil> to ! rules ( p>agraphs 7#b71 7#c71 & 7#f7 ( section #aba7;d7 %all apply4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = "p ,,iii ( sub*apt] ,b ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #aci;,e ! foll[+ new item3 ,sec4 #aci;,f4 ,ga9 f sale ( f>m or ran* to a qualifi$ agricultural pur*as]4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to sales & ex*anges on or aft] ! date ( ! enactm5t ( ?is ,act1 9 taxable ye>s end+ aft] su* date4 #ajd4 ,prequalification ( prospective applicants = cr$it f ,f>m ,s]vice ,ag5cy programs ,n lat] ?an ,octob] #a1 #bjaf1 ! ,secret>y ( ,agriculture %all develop & implem5t proc$ures to ensure t ! ,f>m ,s]vice ,ag5cy is prep>$1 9 advance1 to respond to a reque/ by a prospective loan applicant 7o!r ?an a reque/ = preapproval7 = a prelim9>y det]m9ation on-- 7#a7 :e!r ! prospective applicant w\ld likely qualify = cr$it "u any program adm9i/]$ by ! ,f>m ,s]vice ,ag5cy2 or 7#b7 ! am\nt ( cr$it = :i* ! prospective applicant w\ld likely qualify "u any su* program4 #aje4 ,increase 9 limitation on am\nt ( direct f>m own]%ip loans2 inflation indexation ( limit ,section #cje ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aibe7 is am5d$ by /rik+ #cjj1jjj & ins]t+ #ejj1jjj 7increas$1 beg9n+ ) fiscal ye> #bjag1 by ! inflation p]c5tage applicable to ! fiscal ye> 9 :i* ! loan is made1 & r$uc$ by ! am\nt ( any unpaid indebt$ness ( ! borr[] on direct loans "u subtitle ,b74 #ajf4 ,m9imum fund+ p]c5tage = agricultural l& easem5ts & wetl& res]ve easem5ts ,section #abfe;,d ( ! ,food ,security ,act ( #aihe 7#af ,u4,s4,c4 #chfe;d7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,m9imum p]c5tages ,! ,secret>y %all ensure t1 ( funds made available to c>ry out ?is subtitle1 n less ?an #dj p]c5t are us$ to c>ry out ea* ( sections #abfe;,b & #abfe;,c4 4 #ajg4 ,report on agricultural cons]vation easem5t program ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,*ief ( ! ,natural ,res\rces ,cons]vation ,s]vice %all submit to ! ,committee on ,agriculture ( ! ,h\se ( ,repres5tatives & ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ( ! ,s5ate a report t includes an evaluation ( ! ext5t 9 :i* ! agricultural cons]vation easem5t program e/abli%$ "u section #abfe7;a7 ( ! ,food ,security ,act ( #aihe 7#af ,u4,s4,c4 #chfe7;a77 supports beg9n+ f>m]s or ran*]s 7z def9$ 9 section #bjf7;b77 9 pur*as+ l&4 ,,ii ,improv$ ,access to ,dep>tm5t ( ,agriculture ,tra9+ & ,programs #bja4 ,beg9n+ f>m] coord9ation 7a7 ,program e/abli%$ ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y1 act+ ?r\gh ! ,adm9i/rator ( ! ,f>m ,s]vice ,ag5cy1 %all implem5t a program to assign to ea* ,/ate at lea/ "o coord9ator to-- 7#a7 promote communication betwe5 ! ,dep>tm5t ( ,agriculture & beg9n+ f>m]s or ran*]s 7z def9$ 9 section #bjf7;b77 locat$ 9 su* ,/ate2 & 7#b7 increase ! access ( su* beg9n+ f>m]s or ran*]s to appr5tice%ip programs1 f>m loan programs1 & l& available = pur*ase4 7b7 ,/ate def9$ ,9 ?is section1 ! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 & any commonweal?1 t]ritory1 or possession ( ! ,unit$ ,/ates4 #bjb4 ,transf] ( ,advisory ,committee on ,beg9n+ ,f>m]s & ,ran*]s to jurisdiction ( ,f>m ,s]vice ,ag5cy ,! ,dep>tm5t ( ,agriculture ,reorganization ,act ( #aiid 7#g ,u4,s4,c4 #fija et seq47 is am5d$-- 7#a7 9 section #bbf;,b7e77#b7 7#g ,u4,s4,c4 #ficd7-- 7,a7 by /rik+ subp>agraph 7,c72 & 7,b7 by r$esignat+ subp>agraph 7,d7 z subp>agraph 7,c72 & 7#b7 9 section #bbf 7#g ,u4,s4,c4 #ficb71 by add+ at ! end ! foll[+ new subsection3 7i7 ,advisory ,committee on ,beg9n+ ,f>m]s & ,ran*]s ,! ,adm9i/rator ( ! ,f>m ,s]vice ,ag5cy %all coord9ate ! activities ( ! ,f>m ,s]vice ,ag5cy ) ! ,advisory ,committee on ,beg9n+ ,f>m]s & ,ran*]s e/abli%$ "u section #e7;b7 ( ! ,agricultural ,cr$it ,improvem5t ,act ( #aiib 7#g ,u4,s4,c4 #aibi note2 ,public ,law #ajb-eed74 4 #bjc4 ,dep>tm5t ( ,agriculture on-l9e cu/om] self-s]vice portal 7a7 ,cu/om] self-,s]vice portal ,! ,secret>y ( ,agriculture %all develop an on-l9e cu/om] self-s]vice portal ?r\gh :i* f>m]s & ran*]s w be able to securely access _! cu/om] & program in=mation & complete program applications 9 a wide range ( agricultural programs (f]$ by ! ,dep>tm5t ( ,agriculture4 7b7 ,s5se ( congress ,x is ! s5se ( ,congress t ! developm5t ( an on-l9e cu/om] self-s]vice portal1 z requir$ by subsection 7a71 %\ld n negatively impact ! _m f>m]s & ran*]s :o d n yet h access to high-spe$ int]net or :o w\ld pref] n to utilize ! onl9e self-s]vice portal4 7c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y ( ,agriculture to c>ry out subsection 7a7 #f1jjj1jjj = ! ?ree-fiscal ye> p]iod beg9n+ on ,octob] #a1 #bjaf4 #bjd4 ,ext5sion ( beg9n+ f>m] & ran*] developm5t program to provide tra9+1 education1 outrea*1 & te*nical assi/ance initiatives ,section #gdje7;h7 ( ! ,f>m ,security & ,rural ,inve/m5t ,act ( #bjjb 7#g ,u4,s4,c4 #ccai;f7h77 is am5d$-- 7#a7 by /rik+ #bjah bo? places x appe>s & ins]t+ #bjba2 7#b7 9 ! head+ = p>agraph 7#a71 by /rik+ #bjah & ins]t+ #bjba2 & 7#c7 9 ! head+ = p>agraph 7#b71 by /rik+ #bjah & ins]t+ #bjba4 #bje4 ,m&atory fund+ = beg9n+ f>m] & ran*] individual developm5t acc\nts pilot program ,section #ccc;,b ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aihc;b7 is am5d$-- 7#a7 9 subsection 7h71 by /rik+ #bjah & ins]t+ #bjaf2 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7i7 ,m&atory fund+ ,( ! funds ( ! ,commodity ,cr$it ,corporation1 ! ,secret>y %all use to c>ry out ?is section #e1jjj1jjj = fiscal ye> #bjag & ea* fiscal ye> !reaft]4 4 #bjf4 ,sale ( surplus f>m equipm5t or prop]ty to socially disadvantag$ f>m]s or ran*]s1 vet]an f>m]s or ran*]s1 & beg9n+ f>m]s or ran*]s 7a7 ,sale au?oriz$ ,! ,adm9i/rator ( ,g5]al ,s]vices1 "u regulations prescrib$ by ! ,adm9i/rator1 may sell to a socially disadvantag$ f>m] or ran*]1 vet]an f>m] or ran*]1 or beg9n+ f>m] or ran*] any f>m equipm5t acquir$ by ! ,g5]al ,s]vices ,adm9i/ration t-- 7#a7 is suitable = use 9 f>m+ op]ations2 & 7#b7 has be5 det]m9$ to be surplus prop]ty "u *apt] #e ( title #dj1 ,unit$ ,/ates ,code4 7b7 ,def9itions ,9 ?is section3 7#a7 ,beg9n+ f>m] or ran*] ,! t]m beg9n+ f>m] or ran*] means an individual or entity t has n op]at$ a f>m or ran* or t has op]at$ a f>m or ran* = n m ?an #aj consecutive ye>s & t w mat]ially & sub/antially p>ticipate 9 ! op]ation ( ! f>m or ran*4 ,9 ! case ( an entity1 ^! requirem5ts apply to all memb]s ( ! entity4 7#b7 ,food1 ,agriculture1 ,cons]vation1 & ,trade ,act ( #aiij t]ms ,! t]ms socially disadvantag$ f>m] or ran*] & vet]an f>m] or ran*] h ! mean+s giv5 ^? t]ms 9 section #beja7;e7 ( ! ,food1 ,agriculture1 ,cons]vation1 & ,trade ,act ( #aiij 7#g ,u4,s4,c4 #bbgi7;e774 ,,iii ,inve/m5t 9 ,local & ,regional ,food ,sy/ems #cja4 ,m&atory fund+ = f>m]s' m>ket & local food promotion program ,section #f7;g77#a7 ( ! ,f>m]-to-,consum] ,direct ,m>ket+ ,act ( #aigf 7#g ,u4,s4,c4 #cjje7;g77#a77 is am5d$-- 7#a7 by /rik+ & at ! end ( subp>agraph 7,c72 7#b7 9 subp>agraph 7,d71 by /rik+ #bjah4 & ins]t+ #bjaf2 &2 & 7#c7 by add+ at ! end ! foll[+ new subp>agraph3 7,e7 #dj1jjj1jjj = ea* ( fiscal ye>s #bjag ?r\gh #bjba4 4 #cjb4 ,grants to support f>m viability programs 7a7 ,grants au?oriz$ ,! ,secret>y ( ,agriculture may make competitive grants to support a f>m viability program develop$ by a public or private entity t is design$-- 7#a7 to improve ! economic viability & environm5tal integrity ( f>ms p>ticipat+ 9 ! program ?r\gh ! developm5t & implem5tation ( a f>m viability plans2 & 7#b7 to provide p>ticipat+ f>m]s ) environm5tal1 te*nical1 & bus9ess plann+ assi/ance to exp&1 upgrade1 & mod]nize _! agricultural op]ations & assi/ 9 l& access & transf]4 7b7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y ( ,agriculture to make grants "u ?is section su* sums z are necess>y = ea* ( fiscal ye>s #bjag ?r\gh #bjba4