Hudson Valley state senator's bill to expand student forgiveness to young farmers signed into law
Gov. Kathy Hochul signed Sen. Michelle Hinchey's bill that changes the eligibility requirements for the state's Young Farmers Loan Forgiveness Incentive Program.
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Nov 29, 2022, 2:52 AM
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Updated 648 days ago
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10h agoA Hudson Valley state senator's bill to expand student loan forgiveness for young farmers was signed into a law.
Gov. Kathy Hochul signed Sen. Michelle Hinchey's bill that changes the eligibility requirements for the state's Young Farmers Loan Forgiveness Incentive Program.
The program previously required applicants to have graduated from college in the last two years.
The new law removes that and requires that applicants have farmed less than 10 consecutive years.
The program awards grants to young farmers who get an undergraduate degree from a state school.
Hinchey says the changes will make it easier for farmers to start new agricultural businesses that are essential to keeping the food supply going.
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