The bill changes the definitions of eligible business and eligible
farmer or rancher under the Colorado agricultural future loan program to specify that:
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Eligible businesses include entities that are currently in operation and ones that will be in operation;
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Eligible businesses and eligible uses for the loan include businesses that conduct agricultural processing or ones that develop or manufacture technology designed to benefit farmers and ranchers; and
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Eligible farmers and ranchers include farmers and ranchers that currently own or operate or will own or operate a farm or ranch.
The bill removes the repeal of the loan program.
