All Roll Calls
Yes: 213 • No: 0
HawaiiHB 9842025–2026 Regular Session (Year 1)HouseWALLET
RELATING TO AGRICULTURAL LOANS.
Sponsored By: Nadine K. Nakamura (Democratic)
Signed by Governor
Summary
Updates the Agricultural Loan Program by lowering and fixing interest rates, increasing and standardizing loan limits, and reducing the number of credit denials. Includes food hubs as an eligible entity for Class E loans. Authorizes the Agricultural Loan Program to issue lines of credit. Creates a new class of loans to encourage large scale agriculture of import replacement crops or crops grown for the farm to state program. (CD1)
Department of AgricultureAgricultural Loan ProgramLoan LimitsInterest RatesCredit DenialsLine of CreditImport Replacement LoansAEN, WAM
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Farmers get loans for local crops
Beginning July 1, 2025, qualified farmers can apply for class K loans to expand import-replacement crops at a scale that can affect regional, island-wide, or statewide markets. Loans can also support crops grown for the farm-to-state program; those loans need a written commitment from the appropriate state agency. The Department of Agriculture checks applicants’ credit and ability to repay. Loans carry 3% annual interest and can be up to $2.5 million for no more than 10 years, which gives farmers access to financing but requires repayment.
Easier access to Hawaii farm loans
Beginning July 1, 2025, farm loan applicants generally need one credit denial instead of two. Denials may come from private lenders, the Farm Credit System, or the U.S. Department of Agriculture. The denial rule does not apply to loans of $100,000 or less for farm trainees and recent college graduates with an agriculture degree. The Board of Agriculture may waive it for emergency loans. Eligible borrowers can also use secured, revolving credit, up to the preset limit, when the account is in good standing.
Set rates for Hawaii farm loans
Beginning July 1, 2025, annual rates are 4% for class A, B, C, E, G, and J loans. Classes D, F, H, I, and K have 3% rates. If the Department of Agriculture borrowed the money, the rate is the class rate or 1% above the State’s borrowing cost, whichever is higher. The law sets low class rates, but the borrowing-cost rule can raise the rate above them.
Sponsors & Cosponsors
Sponsor
Nadine K. Nakamura
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/30/2025
House Floor Vote
Yes: 49 • No: 0
House vote • 4/23/2025
The Conference Committee recommends that the measure be Passed, with Amendments....
Yes: 4 • No: 0
Senate vote • 4/23/2025
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS....
Yes: 3 • No: 0
Senate vote • 4/8/2025
Senate Floor Vote
Yes: 25 • No: 0
Senate vote • 4/2/2025
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The...
Yes: 13 • No: 0
Senate vote • 3/10/2025
The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 4 • No: 0
House vote • 3/4/2025
House Floor Vote
Yes: 49 • No: 0
House vote • 2/20/2025
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The ...
Yes: 14 • No: 0
House vote • 2/14/2025
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...
Yes: 47 • No: 0
House vote • 2/7/2025
The committee on AGR recommend that the measure be PASSED, WITH AMENDMENTS. The ...
Yes: 5 • No: 0
Actions Timeline
Act 069, 05/19/2025 (Gov. Msg. No. 1169).
5/19/2025SenateAct 069, on 05/19/2025 (Gov. Msg. No. 1169).
5/19/2025HouseReceived notice of passage on Final Reading in House (Hse. Com. No. 821).
5/2/2025SenateReceived notice of Final Reading (Sen. Com. No. 888).
5/1/2025HouseTransmitted to Governor.
5/1/2025HousePassed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
4/30/2025SenatePassed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick excused (2).
4/30/2025HouseReported from Conference Committee (Conf Com. Rep. No. 21) as amended in (CD 1).
4/24/2025HouseForty-eight (48) hours notice Wednesday, 04-30-25.
4/24/2025HouseReported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 21).
4/24/2025Senate48 Hrs. Notice (as amended CD 1) 04-30-25
4/24/2025SenateThe Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Gabbard, Aquino, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
4/23/2025SenateThe Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Kahaloa, Kusch, Perruso, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Quinlan.
4/23/2025HouseConference committee meeting to reconvene on 04-23-25 9:31AM; Conference Room 325.
4/22/2025SenateConference Committee Meeting will reconvene on Tuesday 04-22-25 9:31AM in conference room 325.
4/21/2025HouseBill scheduled for Conference Committee Meeting on Monday, 04-21-25 10:30AM in conference room 325.
4/17/2025HouseReceived notice of appointment of House conferees (Hse. Com. No. 732).
4/15/2025SenateSenate Conferees Appointed: Gabbard Chair; Aquino Co-Chair; Richards, Awa.
4/15/2025SenateReceived notice of Senate conferees (Sen. Com. No. 788).
4/15/2025HouseHouse Conferees Appointed: Kahaloa, Kusch Co-Chairs; Perruso, Quinlan, Matsumoto.
4/14/2025HouseReceived notice of disagreement (Hse. Com. No. 704).
4/11/2025SenateHouse disagrees with Senate amendment (s).
4/10/2025HouseReport adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
4/8/2025SenateReturned from Senate (Sen. Com. No. 698) in amended form (SD 1).
4/8/2025HouseReported from WAM (Stand. Com. Rep. No. 1685) with recommendation of passage on Third Reading.
4/4/2025Senate
Bill Text
Bill Text
HB984_CD1
HB984_HD1
HB984_HD2
HB984_SD1
Original
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