,,ii  #aae? ,,congress  #b;d ,session   
,s4 #caag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ba1 #bjah ,mr4  
,jones 7= himself & ,mr4 ,scott7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,agriculture1 ,nutrition1 & ,=e/ry  ,a  
,,bill  ,to require ! ,secret>y (       
,agriculture to grant f>m numb]s to     
individuals ) c]ta9 docum5tation1 to    
am5d ! ,consolidat$ ,f>m & ,rural       
,developm5t ,act to include qualifi$    
int]m$i>ies z recipi5ts ( f>m own]%ip   
loans1 to provide = a /udy ( f>ml&      
t5ure1 & = o!r purposes4  #a4 ,%ort     
title  ,?is ,act may be cit$ z ! ,fair  
,access = ,f>m]s & ,ran*]s ,act ( #bjah4
  #b4 ,def9ition ( ,secret>y ,9 ?is     
,act1 ! t]m ,secret>y means ! ,secret>y 
( ,agriculture4  #c4 ,eligibility =     
op]ators on heirs prop]ty l& to obta9 a 
f>m numb]  7a7 ,def9itions ,9 ?is       
section3  7#a7 ,eligible docum5tation ,!
 t]m eligible docum5tation1 ) respect to
 l& = :i* a f>m op]ator seeks assignm5t 

( a f>m numb] "u subsection 7b77#a71    
includes--  7,a7 9 ,/ates t h adopt$ a  
/atute consi/+ ( an enactm5t or adoption
 ( ! ,uni=m ,p>tition ( ,heirs ,prop]ty 
,act1 z approv$ & recomm5d$ = enactm5t 9
 all ,/ates by ! ,national ,conf]5ce (  
,commission]s on ,uni=m ,/ate ,laws 9   
#bjaj--  7i7 a c\rt ord] v]ify+ ! l&    
meets ! def9ition ( heirs prop]ty 7z    
def9$ 9 t ,act72 or  7ii7 a c]tification
 f ! local record] ( de$s t ! record$   
own] ( ! l& is deceas$ & n less ?an #a  
heir ( ! record$ own] ( ! l& has        
initiat$ a proc$ure to retitle ! l& 9 ! 
"n ( ! rightful heir2  7,b7 a fully     
execut$1 unrecord$ t5ancy-9-common      
agreem5t t sets out own]%ip rights &    
responsibilities among all ( ! own]s ( !
 l& t--  7i7 has be5 approv$ by a       
majority ( ! own]%ip int]e/s 9 t        
prop]ty2  7ii7 has giv5 a p>ticul> own] 
! "r to manage & control any portion or 
all ( ! l& = purposes ( op]at+ a f>m or 
ran*2 &  7iii7 0 validly ent]$ into "u !
 au?ority ( ! jurisdiction 9 :i* ! l& is

 locat$2  7,c7 ! tax return ( a f>m     
op]ator f>m+ a prop]ty ) undivid$       
int]e/s = ea* ( ! #e ye>s prec$+ ! date 
on :i* ! f>m op]ator submits ! tax      
returns z eligible docum5tation "u      
subsection 7b72  7,d7 self-c]tification 
t ! f>m op]ator has control ( ! l& =    
purposes ( op]at+ a f>m or ran*2 &  7,e7
 any o!r docum5tation id5tifi$ by !     
,secret>y "u subsection 7c74  7#b7 ,f>m 
numb] ,! t]m f>m numb] has ! mean+ giv5 
! t]m 9 section #gah4b ( title #g1 ,code
 ( ,f$]al ,regulations 7z 9 effect on ! 
date ( enactm5t ( ?is ,act74  7b7 ,f>m  
numb]  7#a7 ,9 g5]al ,! ,secret>y %all  
provide = ! assignm5t ( a f>m numb] to  
any f>m op]ator :o provides any =m (    
eligible docum5tation = purposes (      
demon/rat+ t ! f>m op]ator has control (
 ! l& = purposes ( def9+ t l& z a f>m4  
7#b7 ,eligibility ,any f>m numb] provid$
 "u p>agraph 7#a7 %all be suffici5t to  
satisfy any requirem5t ( ! ,secret>y to 
h a f>m numb] to p>ticipate 9 a program 
( ! ,secret>y4  7c7 ,eligible           

docum5tation ,! ,secret>y %all id5tify  
alt]native =ms ( eligible docum5tation t
 a f>m op]ator may provide 9 seek+ !    
assignm5t ( a f>m numb] "u subsection   
7b77#a74  #d4 ,loans to pur*as]s ( l& ) 
undivid$ int]e/ & no adm9i/rative       
au?ority  7a7 ,reau?orization ( beg9n+  
f>m] & ran*] individual developm5t      
acc\nts pilot program ,section          
#ccc;,b7h7 ( ! ,consolidat$ ,f>m &      
,rural ,developm5t ,act 7#g ,u4,s4,c4   
#aihc;b7h77 is am5d$ by /rik+ #bjah &   
ins]t+ #bjbd4  7b7 ,pilot program       
,subtitle ,d ( ! ,consolidat$ ,f>m &    
,rural ,developm5t ,act 7#g ,u4,s4,c4   
#aiha et seq47 is am5d$ by ins]t+ aft]  
section #ccc;,d ! foll[+3  #ccc;,e4     
,f>m] loan pilot projects  7a7 ,9 g5]al 
,! ,secret>y may conduct pilot projects 
( limit$ scope & duration t are consi/5t
 ) subtitles ,a1 ,b1 ,c1 & ?is subtitle 
to evaluate processes & te*niques t may 
improve ! effici5cy & effectiv5ess ( !  
programs c>ri$ out "u subtitle ,a1 ,b1  
,c1 & ?is subtitle4  7b7 ,notification  

,! ,secret>y %all-- 7#a7 n less ?an #fj 
days be=e ! date on :i* ! ,secret>y     
initiates a pilot project "u subsection 
7a71 submit notice ( ! propos$ pilot    
project to ! ,committee on ,agriculture 
( ! ,h\se ( ,repres5tatives & !         
,committee on ,agriculture1 ,nutrition1 
& ,=e/ry ( ! ,s5ate2 &  7#b7 consid] any
 recomm5dations or fe$back provid$ to ! 
,secret>y 9 response to ! notice provid$
 "u p>agraph 7#a74  4  7c7  ,rel5d+     
program ,subtitle ,a ( title ,,iii ( !  
,consolidat$ ,f>m & ,rural ,developm5t  
,act 7#g ,u4,s4,c4 #aibb et seq47 is    
am5d$ by add+ at ! end ! foll[+3        
#caj;,i4 ,rel5d+ program to resolve     
own]%ip & succession on f>ml&  7a7 ,9   
g5]al ,! ,secret>y may make or gu>antee 
loans to eligible entities describ$ 9   
subsection 7b7 us+ am\nts made available
 = f>m own]%ip loans "u ?is subtitle s t
 ! eligible entities may rel5d ! funds  
to individuals & entities = ! purposes  
describ$ 9 subsection 7c74  7b7         
,eligible entities ,entities eligible = 

loans & loan gu>antees describ$ 9       
subsection 7a7 are coop]atives1 cr$it   
unions1 & nonpr(it organizations )--    
7#a7 c]tification "u section #ahje4bja (
 title #ab1 ,code ( ,f$]al ,regulations 
7or successor regulations7 to op]ate z a
 l5d]2  7#b7 exp]i5ce assi/+ socially   
disadvantag$ f>m]s & ran*]s 7z def9$ 9  
section #beja7;e7 ( ! ,food1            
,agriculture1 ,cons]vation1 & ,trade    
,act ( #aiij 7#g ,u4,s4,c4 #bbgi7;e777  
or limit$ res\rce or new & beg9n+ f>m]s 
& ran*]s1 rural bus9esses1 coop]atives1 
or cr$it unions1 includ+ exp]i5ce 9 mak+
 & s]vic+ agricultural & comm]cial      
loans2 &  7#c7 ! ability to provide     
adequate assurance ( ! repaym5t ( a     
loan4  7c7 ,eligible purposes ,! proce$s
 f loans made or gu>ante$ by ! ,secret>y
 pursuant to subsection 7a7 %all be     
rel5t by eligible entities = projects t 
assi/ heirs ) undivid$ own]%ip int]e/s  
to resolve own]%ip & succession on f>ml&
 t has multiple own]s4  7d7 ,pref]5ce ,9
 mak+ loans "u subsection 7a71 !        

,secret>y %all give pref]5ce to eligible
 entities-- 7#a7 ) n less ?an #aj ye>s (
 exp]i5ce s]v+ socially disadvantag$    
f>m]s & ran*]s2 &  7#b7 9 ,/ates t h    
adopt$ a /atute consi/+ ( an enactm5t or
 adoption ( ! ,uni=m ,p>tition ( ,heirs 
,prop]ty ,act1 z approv$ & recomm5d$ =  
enactm5t 9 all ,/ates by ! ,national    
,conf]5ce ( ,commission]s on ,uni=m     
,/ate ,laws 9 #bjaj1 t rel5d to own]s ( 
heirs prop]ty 7z def9$ 9 t ,act74  7e7  
,loan t]ms & conditions ,! foll[+ t]ms &
 conditions %all apply to loans made or 
gu>ante$ "u ?is section3 7#a7 ,! int]e/ 
rate at :i* int]m$i>ies may borr[ funds 
"u ?is section %all be equal to ! rate  
at :i* f>m own]%ip loans "u ?is subtitle
 are made4  7#b7 ,! rates1 t]ms1 &      
paym5t /ructure = borr[]s to :i*        
int]m$i>ies l5d %all be-- 7,a7 det]m9$  
by ! int]m$i>y 9 an am\nt suffici5t to  
cov] ! co/ ( op]at+ & su/a9+ ! revolv+  
loan fund2 &  7,b7 cle>ly & publicly    
disclos$ to qualifi$ ultimate borr[]s4  
7#c7 ,borr[]s to :i* int]m$i>ies l5d    

%all be--  7,a7 requir$ to complete a   
succession plan z a condition ( ! loan2 
&  7,b7 be (f]$ ! opportunity to borr[  
suffici5t funds to cov] co/s associat$ )
 ! succession plan "u subp>agraph 7,a7 &
 o!r associat$ legal & clos+ co/s4  7f7 
,report ,n lat] ?an #a ye> aft] ! date (
 enactm5t ( ?is section1 ! ,secret>y    
%all submit to ! ,committee on          
,agriculture ( ! ,h\se ( ,repres5tatives
 & ! ,committee on ,agriculture1        
,nutrition1 & ,=e/ry ( ! ,s5ate a report
 describ+ ! op]ation & outcomes ( !     
program "u ?is section1 ) recomm5dations
 on h[ to /r5g!n ! program4  7g7 ,fund+ 
,! ,secret>y %all c>ry out ?is section  
us+ funds o!rwise made available to !   
,secret>y4  4  #e4 ,f>ml& own]%ip data  
collection  7a7 ,9 g5]al ,! ,secret>y   
%all collect &1 n less frequ5tly ?an    
once e #e ye>s report1 data & analysis  
on f>ml& own]%ip1 t5ure1 transition1 &  
entry ( beg9n+ f>m]s & ran*]s 7z def9$ 9
 section #cdc7;a7 ( ! ,consolidat$ ,f>m 
& ,rural ,developm5t ,act 7#g ,u4,s4,c4 

#aiia7;a777 & socially disadvantag$     
f>m]s & ran*]s 7z def9$ 9 section       
#beja7;e7 ( ! ,food1 ,agriculture1      
,cons]vation1 & ,trade ,act ( #aiij 7#g 
,u4,s4,c4 #bbgi7;e7774  7b7 ,requirem5ts
 ,9 c>ry+ out subsection 7a71 !         
,secret>y %all1 at a m9imum-- 7#a7      
collect & di/ribute compreh5sive report+
 ( tr5ds 9 f>ml& own]%ip1 t5ure1        
transition1 b>ri]s to entry1            
pr(itability1 & viability ( beg9n+ f>m]s
 & ran*]s & socially disadvantag$ f>m]s 
& ran*]s2  7#b7 develop surveys & report
 /ati/ical & economic analysis on f>ml& 
own]%ip1 t5ure1 transition1 b>ri]s to   
entry1 pr(itability1 & viability (      
beg9n+ f>m]s & ran*]s1 includ+ a regul> 
foll[-on survey to ea* ,c5sus (         
,agriculture ) results ( ! foll[-on     
survey made public n lat] ?an #c ye>s   
aft] ! previ\s ,c5sus ( ,agriculture2 & 
7#c7 require ! ,national ,agricultural  
,/ati/ics ,s]vice-- 7,a7 to include 9 ! 
,t5ure1 ,own]%ip1 & ,transition (       
,agricultural ,l& survey que/ions relat+

 to--  7i7 ! ext5t to :i* non-f>m+      
l&[n]s are pur*as+ & hold+ onto f>ml& = 
! sole purpose ( real e/ate inve/m5t2   
7ii7 ! impact ( ^! f>ml& own]%ip tr5ds  
on ! successful entry & viability (     
beg9n+ f>m]s & ran*]s & socially        
disadvantag$ f>m]s & ran*]s2  7iii7 !   
ext5t to :i* f>m & ran* l& ) undivid$   
int]e/s & no adm9i/rative au?ority      
id5tifi$ h f>ms or ran*es op]at+ on t   
l&2 &  7iv7 ! impact ( l& t5ure patt]ns1
 categoriz$ by-- 7,i7 race1 g5d]1 &     
e?nicity2 &  7,,ii7 region2 &  7,b7 to  
include 9 ! report ( ea* ,t5ure1        
,own]%ip1 & ,transition ( ,agricultural 
,l& survey ! results ( ! que/ions "u    
subp>agraph 7,a74