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Committee advances expanded loan program to help new farmers buy and protect farmland
Summary
The House Agriculture Committee moved Senate Bill 64 to the Committee of the Whole (9‑4). Sponsors said the bill would expand the Colorado Agricultural Future Loan Program to let land trusts and local water and conservation districts access loans to buy at‑risk farmland, apply conservation easements and transfer property to beginning farmers.
The House Agriculture, Water and Natural Resources Committee on Thursday advanced Senate Bill 64 to the Committee of the Whole by a 9‑4 vote, moving a proposal that sponsors say would help new and beginning farmers acquire agricultural land and preserve water and farmland in Colorado.
Sponsor Representative Brett McCormick said the bill expands an existing loan program to let local partners — including conservancy and water districts and land trusts — participate in transactions that reduce the market price of farmland and return property to farming. “This gives us a more nimble loan program…
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