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New Agricultural Loan Program: Support for Farmers

This act introduces a new loan program for farmers to purchase modern equipment. The goal is to improve production efficiency, reduce resource consumption, and protect the environment. Farmers can receive up to $500,000 to acquire technologies that will enhance their operations.
Key points
Loans up to $500,000 are available for purchasing modern agricultural equipment, such as GPS systems, soil sensors, or data management software.
Loans are for farmers with a good credit history who can demonstrate repayment ability and will use funds for equipment purchase.
The maximum loan term is 12 years, with the purchased equipment or other acceptable forms serving as security.
The government will monitor the program, collecting data on farmers' age, experience, farm size, and how the equipment reduces resource use and benefits the environment.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3211
Sponsor: Rep. Feenstra, Randy [R-IA-4]
Process start date: 2025-05-06
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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 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3211.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-06.

What are the main provisions?

Key points include:

  • Loans up to $500,000 are available for purchasing modern agricultural equipment, such as GPS systems, soil sensors, or data management software.
  • Loans are for farmers with a good credit history who can demonstrate repayment ability and will use funds for equipment purchase.
  • The maximum loan term is 12 years, with the purchased equipment or other acceptable forms serving as security.
  • The government will monitor the program, collecting data on farmers' age, experience, farm size, and how the equipment reduces resource use and benefits the environment.
What is the specific legal status?

The current status is Introduced.

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 Rep. Feenstra, Randy [R-IA-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Agriculture Economy Environment