Bill · S. 1618· Senate(119-S-1618)
Precision Agriculture Loan Act of 2025
- Introduced
- 5/6/2025
- Last activity
- 5/6/2025 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Deb Fischer
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Precision Agriculture Loan Act of 2025 amends the Consolidated Farm and Rural Development Act. This bill makes precision agriculture practices and technologies eligible for the conservation loan and loan guarantee program. It allows producers to use these loans to adopt precision agriculture practices or acquire related technologies. The bill also directs the Secretary to improve the efficiency of administering these updates. Finally, it extends a date in subsection (h) from 2023 to 2029.
Yes· 3 of 9
Would farmers be better off under this?+9
Directly benefits farmers by making precision agriculture tools eligible for loan guarantees.
Would people in rural areas be better off under this?+7
Boosts the economic viability and technological modernization of rural farming communities.
Would business owners be better off under this?+6
Agricultural business owners gain expanded access to financing for technology.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Access to Technology: Producers can now use loans to acquire precision agriculture technologies and adopt precision agriculture practices, as stated in Section 2(2).
-
Program Support: Producers can use these loans to help them participate in the environmental quality incentives program under the Food Security Act of 1985, according to Section 2(3)(C).
-
Improved Administration: The bill requires the Secretary to implement processes to improve the efficiency and effectiveness of the program, including streamlining approvals with the Natural Resources Conservation Service and delegating authority to the Deputy Administrator for Farm Programs of the Farm Service Agency, as noted in Section 2(4)(B).
Potential Negative Impacts for People
- No negative impacts for individuals or groups of people are explicitly mentioned in the provided text.
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 Rural Residents+7Good For Business Owners+6
- Environment Energy And Infrastructure
- Improves Rural Development+6Improves Environmental Protections+4Reduces Carbon Emissions+4
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+3Increases Job Creation+2
- 5/6/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
Raphael WarnockDemocrat · Georgia