Establishes the Texas Small Farm Recovery Microloan Program to provide low-interest loans to small Texas farms facing economic hardship.

The bill creates the Texas Small Farm Recovery Microloan Program, offering low-interest microloans to small Texas farms with annual revenue not exceeding $500,000. The program, overseen by the department, provides loans ranging from $5,000 to $50,000 at a fixed interest rate not exceeding 2 percent annually. Eligible applicants must own or operate a small farm, demonstrate financial hardship, and submit a viable business plan. Loan proceeds can be used for seeds, fertilizers, livestock feed, equipment repairs, labor costs, recovery efforts, and marketing.

Establishes the Texas Small Farm Recovery Microloan Program to provide low-interest loans to small Texas farms facing economic hardship.

The bill creates the Texas Small Farm Recovery Microloan Program, offering low-interest microloans to small Texas farms with annual revenue not exceeding $500,000. The program, overseen by the department, provides loans ranging from $5,000 to $50,000 at a fixed interest rate not exceeding 2 percent annually. Eligible applicants must own or operate a small farm, demonstrate financial hardship, and submit a viable business plan. Loan proceeds can be used for seeds, fertilizers, livestock feed, equipment repairs, labor costs, recovery efforts, and marketing.