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Direct farm ownership loans

Loans provided directly by the U.S. government (through the Department of Agriculture) to help farmers buy land, build or repair farm buildings, or make other farm improvements.

Pilot program

A small-scale, temporary test of a new idea, system, or process to see if it works effectively and efficiently before potentially expanding it or making it a permanent program.

Pre-approval/Pre-qualification

A preliminary step in a loan application where a lender reviews an applicant's financial information to determine how much they might be able to borrow, providing an estimate before the applicant finds a specific item (like land) to purchase.

Streamline

To make a process or system more efficient, simpler, and faster by removing unnecessary steps, complexities, or delays.

Consolidated Farm and Rural Development Act

A federal law that gives the U.S. Department of Agriculture the authority to offer various programs that support farmers and rural communities, including a range of farm loans.

Secretary

In the context of this bill, it refers to the Secretary of Agriculture, who is the head of the U.S. Department of Agriculture (USDA).