Relending program to resolve ownership and succession on farmland

The Secretary may make loans to eligible entities described in subsection (b) so that the eligible entities may relend the funds to individuals and entities for the purposes described in subsection (c). Entities eligible for loans described in subsection (a) are cooperatives, credit unions, and nonprofit organizations with— The proceeds from loans made by the Secretary pursuant to subsection (a) shall be re-lent by eligible entities for projects that assist heirs with undivided ownership interests to resolve ownership and succession on farmland that has multiple owners. In making loans under subsection (a), the Secretary shall give preference to eligible entities— The following terms and conditions shall apply to loans made under this section: The rates, terms, and payment structure for borrowers to which intermediaries lend shall be— Borrowers to which intermediaries lend shall be— Not later than 1 year after December 20, 2018, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing the operation and outcomes of the program under this section, with recommendations on how to strengthen the program. There is authorized to be appropriated to carry out this section $10,000,000 for each of fiscal years 2019 through 2023.