10/13/2026
NAA Urges Congress to Protect USDA Farm Loans for American Farmers
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October 13, 2026
The Honorable John Boozman, Chairman
The Honorable Amy Klobuchar , Ranking Member
Senate Committee on Agriculture, Nutrition, & Forestry
Dear Chairman Boozman and Ranking Member Klobuchar,
On behalf of the National Aquaculture Association, our partner organizations, and aquaculture businesses across the country, we thank the Committee for its leadership in advancing S.5526, the Agricultural Act of 2026. We strongly support the Committee’s work
and the passage of a Farm Bill, and we are particularly grateful for the provisions which support U.S. aquaculture. We write to express our serious concerns about Section 5216 of the Agricultural Act of 2026, which would expand eligibility for USDA farm operating loans
to the commercial fishing sector, and to respectfully urge that it be removed before the bill moves forward.
Section 5216 would allow farm operating loans to be used for the costs of acquiring, operating, or maintaining commercial fishing vessels. These loans were designed and are continuously funded to support farmers who cultivate and raise food. Commercial fishing
is a fundamentally different economic model. Farmers, including aquaculture farmers, grow a renewable crop that they own and manage from start to finish. Commercial fishermen harvest a wild, public trust resource that they do not own, cultivate, or replenish
through their own labor or capital investment. USDA’s loan programs, and associated loan products and risk models are designed around cultivation, not extraction. Wild-caught fish
are not a crop, and a fishing vessel is not a farm.
USDA loan programs already face high demand, backlogs, and long wait times. Adding an entirely new, non-agricultural applicant base would compound these pressures in several ways. Loan officers are not trained to evaluate the collateral, risk and revenue profiles of
commercial fishing operations, and a larger applicant pool would slow processing for the farmers and ranchers these programs were created to serve. Farm operating loans are also finite, and every dollar directed to commercial fishing is a dollar unavailable to farmers, which is particularly critical for aquaculture farmers as aquaculture farms often struggle to obtain commercial capital.
We fully support our colleagues in the commercial fishing sector, and we share the goal of strengthening American seafood production. However, wild fisheries have dedicated federal and state support, most notably NOAA’s Fisheries Finance Program, which was designed to address the specific needs of that sector. NOAA and the regional fishery management councils are best positioned to address those challenges.
Challenges within assistance programs for commercial fisheries need to be improved through NOAA and fisheries specific policy. Redirecting that need to USDA does not create new capital for wild fisheries. Instead, it would draw on a fixed pool of agricultural funding and allow the commercial fishing sector to access two separate federal support systems.
The aquaculture community would welcome the opportunity to support the commercial fishing sector and the Committee’s colleagues within the Senate Commerce Committee
on the development of NOAA focused reforms and improvements to make these programs more accessible and effective for the commercial fishing sector.
The National Aquaculture Association and our partners respectfully urge the Committee to remove Section 5216 from the Agricultural Act of 2026. Commercial fisheries deserve dedicated tools to address their challenges, delivered through agencies with the expertise to support wild fisheries. U.S. aquaculture producers are an essential component of U.S. seafood production, and folding an extraction-based sector into programs designed to support farmers is not a viable vehicle for supporting American seafood producers. Such efforts undermine U.S. aquaculture farmers who rely on USDA programs.
With a U.S. seafood trade deficit of roughly $20 billion, it is more important than ever to ensure that domestic aquaculture has the support it needs to grow, and access to USDA support programs is critical for the aquaculture sector. We appreciate the Committee’s
attention to this issue and its continued commitment to American agriculture, and we welcome the opportunity to work with you and your staff on this matter.
Respectfully,
Sebastian Belle, President
National Aquaculture Association
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