This legislation, known as the Precision Agriculture Loan Act of 2025, aims to broaden the scope of the existing conservation loan and loan guarantee program under the Consolidated Farm and Rural Development Act. It specifically makes the adoption of precision agriculture practices and the acquisition of precision agriculture technologies eligible for these loans, including for producers participating in programs like the Environmental Quality Incentives Program (EQIP). The bill further directs the Secretary to implement processes and techniques to enhance the efficiency and effectiveness of administering these new precision agriculture-focused loans. This could involve delegating authority to the Deputy Administrator for Farm Programs of the Farm Service Agency and streamlining approvals with the Natural Resources Conservation Service. Additionally, the legislation extends the program's authorization until 2029.
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Agriculture and Food
Precision Agriculture Loan Act of 2025
USA119th CongressS-1618| Senate
| Updated: 5/6/2025
This legislation, known as the Precision Agriculture Loan Act of 2025, aims to broaden the scope of the existing conservation loan and loan guarantee program under the Consolidated Farm and Rural Development Act. It specifically makes the adoption of precision agriculture practices and the acquisition of precision agriculture technologies eligible for these loans, including for producers participating in programs like the Environmental Quality Incentives Program (EQIP). The bill further directs the Secretary to implement processes and techniques to enhance the efficiency and effectiveness of administering these new precision agriculture-focused loans. This could involve delegating authority to the Deputy Administrator for Farm Programs of the Farm Service Agency and streamlining approvals with the Natural Resources Conservation Service. Additionally, the legislation extends the program's authorization until 2029.