I 
118TH CONGRESS 
1ST SESSION H. R. 1495 
To amend the Food, Conservation, and Energy Act of 2008 to establish 
a precision agriculture loan program, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 9, 2023 
Mr. FEENSTRA (for himself, Mr. PANETTA, Ms. TOKUDA, Mr. THOMPSON of 
California, and Mr. GUEST) introduced the following bill; which was re-
ferred to the Committee on Agriculture 
A BILL 
To amend the Food, Conservation, and Energy Act of 2008 
to establish a precision agriculture loan program, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Precision Agriculture 
Loan Program Act of 2023’’. 
SEC. 2. PRECISION AGRICULTURE LOAN PROGRAM. 
Subtitle F of title I of the Food, Conservation, and 
Energy Act of 2008 is amended by inserting after section 
1614 (7 U.S.C. 8789) the following: 
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‘‘SEC. 1614A. PRECISION AGRICULTURE LOAN PROGRAM. 
‘‘(a) DEFINITIONS.—In this section: 
‘‘(1) PRECISION
AGRICULTURE.—The term 
‘precision agriculture’ means managing, tracking, or 
reducing crop or livestock production inputs, includ-
ing seed, feed, fertilizer, chemicals, water, and time, 
at a heightened level of spatial and temporal granu-
larity to improve efficiencies, reduce waste, and 
maintain environmental quality. 
‘‘(2) PRECISION AGRICULTURE EQUIPMENT.— 
The term ‘precision agriculture equipment’ means 
any equipment or technology that directly contrib-
utes to a reduction in, or improved efficiency of, in-
puts used in crop or livestock production, includ-
ing— 
‘‘(A) Global Positioning System-based or 
geospatial mapping; 
‘‘(B) satellite or aerial imagery; 
‘‘(C) yield monitors; 
‘‘(D) soil mapping; 
‘‘(E) sensors for gathering data on crop, 
soil, or livestock conditions; 
‘‘(F) Internet of Things and telematics 
technologies; 
‘‘(G) data management software and ad-
vanced analytics; 
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‘‘(H) network connectivity products and 
solutions; 
‘‘(I) Global Positioning System guidance or 
auto-steer systems; 
‘‘(J) variable rate technology for applying 
inputs, such as section control; and 
‘‘(K) any other technology, as determined 
by the Secretary, that leads to a reduction in, 
or improves efficiency of, crop and livestock 
production inputs, which may include seed, 
feed, fertilizer, chemicals, water, and time. 
‘‘(b) PROGRAM.—As soon as practicable after the 
date of enactment of this section, the Secretary shall es-
tablish a precision agriculture loan program to encourage 
the adoption of precision agriculture by providing funds 
to producers engaged in livestock or crop production for 
the purchase of precision agriculture equipment. 
‘‘(c) ADMINISTRATION.—The precision agriculture 
loan program under this section shall be administered by 
the Secretary, acting through the Deputy Administrator 
for Farm Programs of the Farm Service Agency. 
‘‘(d) ELIGIBLE PRODUCERS.—A precision agriculture 
loan under this section shall be made available to any pro-
ducer described in subsection (b) that, as determined by 
the Secretary— 
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‘‘(1) has a satisfactory credit history; 
‘‘(2) will use the loan funds to purchase preci-
sion agriculture equipment; and 
‘‘(3) demonstrates an ability to repay the loan. 
‘‘(e) TERM OF LOANS.—A precision agriculture loan 
under this section shall have a maximum term of 12 years. 
‘‘(f) LOAN AMOUNT.—The maximum aggregate loan 
amount of a precision agriculture loan under this section 
shall be $500,000. 
‘‘(g) LOAN SECURITY.—Approval of a precision agri-
culture loan under this section shall require the borrower 
to provide loan security to the Secretary, in the form of— 
‘‘(1) a lien on the precision agriculture equip-
ment being purchased; or 
‘‘(2) such other security as is acceptable to the 
Secretary. 
‘‘(h) REPORTING.— 
‘‘(1) DEFINITION OF RECIPIENT PRODUCER.— 
In this subsection, the term ‘recipient producer’ 
means an eligible producer described in subsection 
(d) that received a precision agriculture loan under 
this section during the fiscal year covered by the ap-
plicable report prepared under paragraph (2). 
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‘‘(2) PREPARATION OF REPORT.—For each fis-
cal year, the Secretary shall prepare a report that 
includes— 
‘‘(A) aggregate data based on a review of 
each outstanding loan made by the Secretary 
under this section; and 
‘‘(B) a description of— 
‘‘(i) for the United States and for 
each State and county (or equivalent juris-
diction) in the United States— 
‘‘(I) the age of each recipient 
producer; 
‘‘(II) the duration during which 
each recipient producer has engaged 
in agricultural production; 
‘‘(III) the size of the farm or 
ranch of each recipient producer; 
‘‘(IV) the total amount provided 
as loans under this section for each 
category of equipment or technology 
described 
in 
subparagraphs 
(A) 
through (K) of subsection (a)(2) dur-
ing the fiscal year covered by the re-
port; and 
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‘‘(V) the estimated input reduced 
or environmental benefits received per 
category of equipment or technology 
described in those subparagraphs with 
respect to which a loan was provided 
under this section during the fiscal 
year covered by the report or any 
prior fiscal year, including the esti-
mated input reduced or environmental 
benefits received per category— 
‘‘(aa) during the fiscal year 
covered by the report with re-
spect to— 
‘‘(AA) loans provided 
under this section during 
that fiscal year; and 
‘‘(BB) loans provided 
under this section during 
that fiscal year or any prior 
fiscal year; and 
‘‘(bb) in the aggregate with 
respect to all loans provided 
under this section during or prior 
to the fiscal year covered by the 
report; 
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‘‘(VI) the race, ethnicity, and 
gender of each recipient producer; 
‘‘(VII) the 1 or more agricultural 
commodities or types of enterprise for 
which each loan provided under this 
section during the fiscal year was pro-
vided; 
‘‘(VIII) the amount of each loan 
provided under this section during the 
fiscal year; and 
‘‘(IX) the default rate of the 
loans made under this section dur-
ing— 
‘‘(aa) the fiscal year covered 
by the report; 
‘‘(bb) each preceding fiscal 
year; and 
‘‘(cc) in the aggregate with 
respect to all loans provided 
under this section during or prior 
to the fiscal year covered by the 
report; and 
‘‘(ii) for each State and county (or 
equivalent jurisdiction) in the United 
States, the number of outstanding loans 
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made under this section, according to the 
loan size cohort. 
‘‘(3) SUBMISSION OF REPORT.—The Secretary 
shall— 
‘‘(A) not later than 1 year after the date 
of enactment of this Act, and annually there-
after, submit the report described in paragraph 
(2) to— 
‘‘(i) the Committee on Agriculture, 
Nutrition, and Forestry of the Senate; 
‘‘(ii) the Committee on Appropriations 
of the Senate; 
‘‘(iii) the Committee on Agriculture of 
the House of Representatives; and 
‘‘(iv) the Committee on Appropria-
tions of the House of Representatives; and 
‘‘(B) not later than 90 days after the date 
on which the report is submitted under sub-
paragraph (A), make the report publicly avail-
able. 
‘‘(i) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Secretary such 
sums as are necessary to carry out this section.’’. 
Æ 
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