S.1460: A bill to amend the Farm Security and Rural Development Act of 2002 to support beginning farmers and ranchers, and for other purposes.

A bill to amend the Farm Security and Rural Development Act of 2002 to support beginning farmers and ranchers, and for other purposes. 5/23/2007--Introduced. Beginning Farmer and Rancher Opportunity Act of 2007 - Amends the Farm Security and Rural Investment Act of 2002 to make beginning farmer and rancher development grants available for energy conservation and organic and value-added alternative production. Caps annual grant amounts and permits consecutive grants to the same recipient. Sets forth grant evaluation criteria. Extends grant authority. Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish the new farmer individual development accounts pilot program under which: (1) an eligible participant shall deposit an agreed upon amount into an account which will be matched at 300% by the program ($9,000 annual cap); and (2) expenditures shall be used for specified farming purposes, including purchases of farmland,[...]

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