Bill · H.R. 3211· House(119-HR-3211)
Precision Agriculture Loan Program Act of 2025
- Introduced
- 5/6/2025
- Last activity
- 5/6/2025 — Referred to the House Committee on Agriculture.
- Sponsored by
- Randy Feenstra
- Cosponsors
- - 0 - 2
- Introduced
- In Committee
What this bill would do
The Precision Agriculture Loan Program Act of 2025 amends the Food, Conservation, and Energy Act of 2008 to create a new loan program. This program provides funds to crop and livestock producers to buy precision agriculture equipment. Eligible borrowers must have a satisfactory credit history and show they can repay the loan. Loans are capped at $500,000 with a maximum term of 12 years. The Secretary must also provide annual reports on the program's data and impact.
Yes· 3 of 25
Would farmers be better off under this?+9
The entire bill is designed to provide farmers with loans for precision agriculture equipment.
Would business owners be better off under this?+6
Directly benefits farm owners by providing capital for essential equipment.
Would people in rural areas be better off under this?+6
Brings technological investment and economic support to rural agricultural areas.
The opposite
Does this reduce what the federal government spends?-2
The bill authorizes the appropriation of necessary sums to establish and run the loan program.
Does this reduce what the federal government owes?-1
Creation of a new loan program increases federal financial obligations.
Who it would affect, and how
Potential Positive Impacts for People
- Support for Tech Adoption: The program encourages producers to use precision agriculture to improve efficiencies, reduce waste, and maintain environmental quality (SEC. 1614A(a)(1) and (b)).
- Financial Assistance for Equipment: Producers can get loans of up to $500,000 to purchase technology such as GPS mapping, sensors, and data management software (SEC. 1614A(a)(2) and (f)).
- Manageable Repayment: The bill allows for a maximum loan term of 12 years, which may help producers manage their repayments over time (SEC. 1614A(e)).
- Accountability and Transparency: The Secretary is required to submit annual reports and make them public, detailing loan distribution by race, ethnicity, gender, and farm size (SEC. 1614A(h)(2) and (3)).
Potential Negative Impacts for People
- Strict Eligibility Requirements: Only producers with a satisfactory credit history and a demonstrated ability to repay can access these loans, which may exclude some individuals (SEC. 1614A(d)).
- Collateral Requirements: Borrowers must provide loan security, such as a lien on the equipment being purchased, meaning they could lose the equipment if they cannot pay (SEC. 1614A(g)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Farmers+9Good For Business Owners+6Good For Rural Residents+6Good For Men+3Good For Middle Aged+3Good For Middle Class Households+3Good For White Americans+3Good For Young Adults+3Good For Seniors+2Good For African Americans+1Good For Asian Americans+1Good For Hispanic Americans+1Good For Native Americans+1Good For Women+1
- Environment Energy And Infrastructure
- Improves Rural Development+6Improves Environmental Protections+4Reduces Carbon Emissions+3
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+3Increases Job Creation+2Reduces Government Spending-2Reduces National Debt-1
- Governance And Ideology
- Improves Government Transparency+4Increases Federal Power+2
- Education And Technology
- Improves Internet Access+2
- Social Issues And Justice
- Improves Gender Equality+1Improves Racial Equity+1
- 10/3/2025
- 1 Cosponsor added.
- 5/6/2025
- Referred to the House Committee on Agriculture.
- 1 Cosponsor added.
- Introduced in House
Jimmy PanettaDemocrat · California
Eugene VindmanDemocrat · Virginia