Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · January 23, 2026

To Agriculture (H)

Introduced January 15, 2026

House

Adjourned Sine Die

2026 Regular Session

HB417

AN ACT relating to the Farmland Preservation Loan Program.

Create a new section of KRS 247.940 to 247.978 to define "participating lender"; authorize the Kentucky Agricultural Finance Corporation to establish, administer, and fund a Farmland Preservation Loan Program and enter into a loan participation agreement with a qualified participating lender to purchase interests in promissory notes to allow a borrower to purchase or improve an agricultural property located within the Commonwealth; authorize the Kentucky Agricultural Finance Corporation to promulgate administrative regulations to administer the Farmland Preservation Loan Program.

Administrative Regulations and Proceedings Agriculture Banks and Financial Institutions Land Use Loans, Credit, Interest, And Usury

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This bill would create a new Farmland Preservation Loan Program run by the Kentucky Agricultural Finance Corporation, allowing the state to partner with private lenders to help borrowers purchase or improve agricultural land in Kentucky. The program would give the Corporation authority to set up rules and agreements with qualified lenders to make these loans available. Who it may affect: farmers, agricultural landowners, and rural Kentuckians looking to buy or improve farmland.

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