Farmers’ Access to Resources and Machinery Act
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Farmers' Access to Resources and Machinery Act This bill amends the Internal Revenue Code, with respect to private activity bond financing for first-time farmers, to (1) increase from $450,000 to $524,200 (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the separate dollar limitation on the use of bond proceeds for used farm equipment, and (3) modify the definition of "substantial farmland" to determine farm size by reference to the average (instead of median) size of a farm in the county in which the farm is located.
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Filing registrants (1)
2019 · fourth_quarter · Agriculture
Support for the following: H.R. 832 to allow schools to offer whole milk to students as part of school meal programs; H.R. 3125, the School Milk Nutrition Act of 2019 to ensure expanded milk options for students by reaffirming the recent USDA regulation offering schools the option of serving low-fat flavored milk; S. 1810, the Milk in Lunches for Kids (MILK) Act, to allow to serve whole or two percent milk, and permit milk to be excluded from the fat cap in school lunches; H.R. 1769, the Dairy Pride Act, to require that the Food and Drug Administration (FDA) take enforcement action against manufacturers labeling non-dairy products as dairy; and support related to specific provisions within H.R. 5007 - Farmers' Access to Resources and Machinery Act, and the Tax Exempt Agricultural Bond for Beginning Farmers or Aggie Bond" program and making more beginning farmers eligible for program funding. Support and education related to hemp rules and legislation to help producers grow, market and transport hemp as an agricultural commodity. Correspondence and research related to S.3141 - Food Donation Improvement Act of 2019, which would offer protections to direct donors such as agricultural producers. Support for better transparency and a more clear process regarding the bankruptcy process for FSA loans, and research and correspondence related to qualifications for Market Facilitation Program and Wildfire and Hurricane Indemnity Program Plus (WHIP+) programs.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
| Republican |
| NE |
| Steve Watkins | Republican | KS |