In a renewed effort to cancel student loan debt for a niche group, Democratic Senators Chris Murphy of Connecticut and Tina Smith of Minnesota are pushing a forgiveness program for beginning farmers and ranchers.With the rising costs of higher education, more students are turning to loans to finance their degrees. However, many students struggle to repay these loans after college, which has become a significant issue for Democrats.
This legislation would help incentivize a younger, more diverse workforce and help more people start and stay in farming.'There are about 16,910 beginning farmers in Minnesota, according to data collected by the U.S. Department of Agriculture in 2017.Murphy has introduced this legislation twice before, once in December 2022 with Smith and Senator Tammy Baldwin, a Wisconsin Democrat, co-sponsoring the bill, and once in April 2018 with then-Senator Tom Udall, a New Mexico Democrat.
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