The main purpose of this legislation, known as the Support for Ownership and Investment in Land Act or the SOIL Act, is to create a pilot program that simplifies the process for farmers to apply for direct farm ownership loans. The goal is to make it easier for borrowers to secure loans by introducing a pre-approval or pre-qualification process, which would provide them with more certainty about their loan applications. Key provisions of the SOIL Act include the establishment of a pilot program by the Secretary of Agriculture, which must begin within one year of the law's enactment.