A bill was reintroduced on June 12 to address student loan debt for young people who want to farm.
The bill was originally introduced in October 2015. This bipartisan bill, the Young Farmers Success Act (H.R. 1060), was sponsored by Rep. Joe Courtney (D-CT), Rep. Glenn Thompson (R-PA), Rep. Antonio Delgado (D-NY), Rep. Josh Harder (D-CA) and Rep. Lee Zelden (R-NY).
The act would incentivize agricultural careers by including farmers in the Public Service Loan Forgiveness Program, a program that currently includes careers such as teaching, government service and nursing.
In this program, professionals in public service who make 10 years of student loan debt payments would have the remainder of their loans forgiven.
“America needs a new generation of farmers, now more than ever,” said Rep. Courtney in an official statement released by the National Young Farmers Coalition.
“… The skyrocketing cost of higher education and the growing burden of student loan debt are presenting major obstacles for young farmers … This legislation would assist new farmers during the costly, initial phases of opening a farm business, and allow them a fighting chance to build a life on the farm for themselves and their families.”