PRIA Logo™
119-hr-3211119th CongressWALLET

Precision Agriculture Loan Program Act of 2025

Sponsored By: Representative Feenstra, Randy [R-IA-4]

Introduced

Summary

Precision Agriculture Loan Program would create a federal loan program to help crop and livestock producers buy precision agriculture equipment. It aims to cut input use, boost efficiency, and support environmental quality.

Show full summary
  • Producers could borrow up to $500,000 for precision equipment with loan terms up to 12 years. Loans would require satisfactory credit, an ability to repay, and security such as a lien on the purchased equipment.
  • The program would cover technologies like GPS or geospatial mapping, satellite or aerial imagery, yield monitors, soil mapping, sensors, Internet of Things and telematics, data management and analytics, connectivity, auto-steer, and variable rate application systems to reduce seed, feed, fertilizer, chemicals, water, and time.
  • The Farm Service Agency would administer the program and the Secretary would submit annual public reports starting within 1 year after enactment showing loan counts and sizes by county, borrower demographics, estimated input reductions or environmental benefits, commodity types, and default rates.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Loans for farm precision equipment

If enacted, this bill would create a Precision Agriculture Loan Program at USDA to help crop and livestock producers buy precision equipment. Producers would be able to get loans up to $500,000 with terms up to 12 years. Allowed purchases would include GPS and mapping, satellite or aerial imagery, yield monitors, soil mapping, sensors, IoT and telematics, data software and analytics, connectivity, auto-steer, variable-rate technology, and other tools the Secretary approves. Borrowers would need a satisfactory credit history, demonstrate ability to repay, and provide security such as a lien on the purchased equipment. The program would start as soon as practicable after enactment and depends on future appropriations of "such sums as are necessary."

Sponsors & CoSponsors

Sponsor

Feenstra, Randy [R-IA-4]

IA • R

Cosponsors

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 5/6/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 10/3/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation