NYFC and State Policymakers Take Action on Student Debt

As young farmers and ranchers across the country celebrated the reintroduction of the Young Farmer Success Act (H.R. 1060) in the U.S. House of Representatives last week, the issue was also taken up in several state capitals. The burden of student loan debt on young farmers is too important an issue to address solely on the federal level. This year, NYFC and farmer leaders in multiple states are working to advance state legislation to provide student debt relief to young people who are feeding their communities. Across the country, states are taking action to invest in the next generation of farmers and ranchers, rural communities, and our nation’s food security by helping young people better manage their student loan debt. Several states already offer programs that help with student loan repayment to encourage eligible graduates to pursue careers in agriculture, and to do so in their state. The New York State Young Farmers Loan Forgiveness Incentive Program, for example, provides student loan repayments (up to $50,000 over the course of the program) to individuals who obtain an undergraduate degree and commit to operating a farm in New York State, on a full-time basis, for five years. Pennsylvania’s Agriculture Education Loan Forgiveness Program provides a[...]Read More