Within the Farm Bill, I am also pushing for the Producer and Agricultural Credit Enhancement Act (P.A.C.E. Act).
This bipartisan legislation is aimed at expanding the loan opportunities available to our country’s farmers and ranchers, especially those who are just starting out.
The Producer and Agricultural Credit Enhancement Act (P.A.C.E. Act) would:
- Increase FSA Guaranteed Operating Loans from $2.04 million to $3 million;
- Increase Guaranteed Ownership Loans from $2.04 million to $3.5 million;
- Increase Direct Operating Loans from $400,000 to $750,000; and,
- Increase Direct Ownership Loans from $600,000 to $850,000.
These loans are critical to ensure farms have ready-access to much-needed capital during hard times, but also open doors for expansion, repairs, and updated equipment to remain competitive.
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At a time when American families are feeling the squeeze of this Biden economy, it’s vital that we still have leaders in Washington willing to shut out the political noise and buckle down to solve problems and get things done.
If you support our mission, I hope that you will also support our campaign for re-election in 2024, so that I can continue to serve the great people of southern Minnesota and stand up for our farmers and ranchers.
Thank you and God bless you.
Brad Finstad
U.S. Representative
Minnesota’s 1st Congressional District
HELP MINNESOTA AG
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