Farmers Can Now Use Federal Loans for Agricultural Propane Storage.
This bill expands the federal Storage Facility Loan Program, allowing agricultural producers to secure funding for building or upgrading propane storage facilities. The goal is to support stable energy supplies and cost management for farming operations, such as crop drying or heating livestock facilities. This provides farmers with easier access to capital for essential energy infrastructure.
Key points
Farmers are now eligible to use federal loans to construct or improve facilities for storing propane.
The funding is specifically for propane used primarily in agricultural production (e.g., grain drying).
The change aims to help secure energy supply and potentially reduce operational costs for farms.
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