WeVote
Log In

Bill

Bill

SB 3019

FINANCE-AGRICULTURAL BORROWER

104th Regular Session Introduced by Chris Balkema and 15 co-sponsors

SB 3019 addresses agricultural borrowing in Illinois but requires full text review to determine specific financing protections or restrictions affecting farmers and lenders.

Added as Co-Sponsor Sen. Mary Edly-Allen
0
WeVote Research Nonpartisan
Bill Summary · SB 3019

Legislative bill overview

SB 3019 is an Illinois bill focused on agricultural borrowing and financing, introduced by Senator Patrick Joyce. The bill has just been filed and referred to committee assignments as of January 29, 2026. Without access to the full bill text, the specific provisions regarding agricultural borrower protections, loan terms, or lending regulations cannot be detailed.

Why is this important

Agricultural financing is critical to Illinois farmers and the state's agricultural economy. Legislation in this area can affect loan accessibility, interest rates, borrowing terms, and protections for farming operations of various sizes. Changes to agricultural lending policies have downstream effects on farm viability, land values, and rural economic stability.

Potential points of contention

  • Loan accessibility vs. lender risk: Balancing protections for agricultural borrowers against banks' willingness to lend to farming operations with inherent weather and market volatility
  • Farm size equity: Whether provisions benefit large-scale industrial agriculture differently than small or mid-sized family farms
  • Regulatory burden: Whether new lending requirements increase administrative costs that may be passed to borrowers or reduce available credit options

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.