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Bill Summary · HB 984

Legislative bill overview

HB 984 modifies Hawaii's agricultural loan programs to improve financing accessibility for farmers and agricultural businesses. The bill became law on May 19, 2025, after passing both chambers of the legislature and receiving gubernatorial approval.

Why is this important

Agricultural lending directly affects Hawaii's food security, rural economy, and farmer viability. By adjusting loan terms, eligibility requirements, or support mechanisms, the bill shapes whether local farmers can afford equipment, land, or operating costs—influencing the state's capacity to maintain domestic agricultural production.

Potential points of contention

  • Fiscal impact on state budget: Expanded or enhanced loan programs may require new state appropriations or could strain existing agricultural loan fund reserves
  • Loan terms and risk allocation: Changes to interest rates, repayment periods, or default provisions could favor borrowers but increase lender risk or vice versa
  • Eligibility criteria: Modifications to who qualifies (farm size, operation type, income thresholds) could benefit some farmers while excluding others, raising equity questions

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

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