(Jun 22, 2026) Rep. Paul Friel
HARRISBURG, June 22 – Bipartisan legislation to give Pennsylvania farmers expanded access to low-interest financing to grow and modernize their operations unanimously passed the state House of Representatives today. State Reps. Paul Friel and John Lawrence said that when signed into law, their H.B. 2207 would go straight to work providing capital for critical agricultural operations in Pennsylvania. The investments will keep Pennsylvania competitive in an increasingly challenging economic environment. The sponsors said that 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 Read more