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Hochul signs Hinchey's bill to help young farmers

Nov 30, 2022 12:30 am

Mid-Hudson News reports that state Senator Michelle Hinchey’s legislation to expand eligibility under the New York State Young Farmers Loan Forgiveness Incentive Program has been signed into law by Gov. Kathy Hochul. The measure helps alleviate a student's debt burden by providing grant awards for individuals who earn an undergraduate degree from a New York state college or university and plan to pursue a career in farming. Eligibility for the program was previously contingent on the applicant having graduated from college within the previous two years. Hinchey’s bill removes that eligibility requirement, replacing it with the qualification that an applicant must not have previously farmed for more than 10 consecutive years. Hinchey said the new law makes it more reasonable for young people to start a career in farming while having more money in the bank to invest in their businesses. Read more at Mid-HudsonNews [dot] com.