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Precision Agriculture Loan Program: Support for Farmers

This act establishes a new loan program for farmers to purchase modern equipment. The goal is to improve production efficiency and reduce resource consumption, potentially lowering costs and benefiting the environment. Farmers can receive up to $500,000 for technology that helps them better manage crops and livestock.
Key points
Loans up to $500,000 available for precision agriculture equipment, such as GPS systems, soil sensors, and data management software.
Loans have a maximum term of 12 years and are for farmers with a good credit history who can repay them.
The program aims to reduce the use of water, fertilizers, and other inputs, which can lower production costs and benefit the environment.
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Additional Information
Print number: 117_S_2750
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2021-09-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Precision Agriculture Loan Program Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2750.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-15.

What are the main provisions?

Key points include:

  • Loans up to $500,000 available for precision agriculture equipment, such as GPS systems, soil sensors, and data management software.
  • Loans have a maximum term of 12 years and are for farmers with a good credit history who can repay them.
  • The program aims to reduce the use of water, fertilizers, and other inputs, which can lower production costs and benefit the environment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Fischer, Deb [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Agriculture Economy Environment