← Back to results
Federal

PRECISE Act

Source: Congress.gov  ·  1,889 words in original text
This bill creates financial incentives to help farmers and ranchers adopt precision agriculture practices and technology. It modifies existing loan programs and conservation programs to include precision agriculture as an eligible use for funds and to allow higher payment rates for farmers who use these practices. ##
- Farmers and ranchers applying for federal loans or conservation payments - Farm Service Agency (the federal agency that makes agricultural loans) - Natural Resources Conservation Service (a federal conservation agency) - Rural entities seeking development assistance - Producers participating in environmental conservation programs ##
- Precision agriculture practices and technology are added as eligible purposes for conservation loans and loan guarantees, with the government covering up to 90 percent of the loan cost for precision agriculture technology purchases (Sec. 2) - The bill requires the Farm Service Agency and Natural Resources Conservation Service to coordinate when making or guaranteeing loans (Sec. 2) - Farmers receiving payments through an environmental program can also receive loans to cover costs for the same practices on the same land, and must be notified in writing of this option (Sec. 5) - The Secretary can increase payments for precision agriculture adoption to as much as 90 percent of the costs associated with adopting these practices and acquiring the technology (Sec. 5) - Precision agriculture is added as an eligible activity for supplemental payments under conservation programs (Sec. 6) ##
If this bill becomes law, the bill text shows that precision agriculture becomes a new approved use for federal farm loans and conservation payments. Farmers can now borrow money or receive payments specifically to adopt precision agriculture practices or buy precision agriculture technology. The government will cover a higher percentage of these costs compared to other farm expenses. Two federal agencies must now work together when approving these loans. ##
The bill defines two key terms from section 1201 of the Food Security Act of 1985: **Precision agriculture** means managing, tracking or reducing what farmers use to grow crops or raise livestock (including seed, feed, fertilizer, chemicals, water and time) at a highly detailed level to improve efficiency, reduce waste and protect the environment. **Precision agriculture technology** means any equipment or technology that directly reduces or improves how efficiently farmers use production inputs. Examples include GPS mapping technology, satellite or aerial images, soil sensors, yield monitors, internet-connected farm equipment, data software, GPS guidance systems for equipment, and variable rate technology that adjusts how much fertilizer or seed the equipment applies in different field areas. ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.