(Jun 09, 2026) Rep. Paul Friel
HARRISBURG, June 9 – Legislation that would significantly expand access to low-interest financing for Pennsylvania farmers to grow and modernize their operations advanced unanimously from the state House Commerce Committee on Monday, announced the bill’s prime sponsors. State Reps. Paul Friel and John Lawrence said that their H.B. 2207 would help augment critical agricultural operations and keep Pennsylvania competitive in an increasingly challenging economic environment. Pennsylvania farmers face rising costs for land, equipment, buildings and other investments necessary to sustain and expand their operations. While the Pennsylvania Industrial Development Authority's Small Business First Fund provides valuable financing opportunities, agricultural businesses are limited to loans of $400,000, far below the $2 million cap available to non-agricultural enterprises. "Our farmers are small business owners, job creators and essential contributors to Pennsylvania's economy," said Friel, D-Chester . "As costs continue to rise, access to affordable capital is more important than ever. This legislation would ensure that farmers have the same opportunities as other businesses to invest in their operations, create jobs, and strengthen our agricultural economy." “I’m grateful for the strong bipartisan support to modernize agricultural lending at PIDA,” said Lawrence, R-Chester . “This Read more