,,ii #aahth ,,congress #ast ,session ,s4 #gai ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #h1 #bjbc,mrs4 ,fischer 7for herself and ,ms4 ,klobuchar7 introduced the following bill2 which was read twice and referred to the ,committee on ,agriculture1 ,nutrition1 and ,forestry ,a ,,bill ,to amend the ,food1 ,conservation1 and ,energy ,act of #bjjh to establish a precision agriculture loan program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,precision ,agriculture ,loan ,act of #bjbc4 #b4 ,precision agriculture loan program ,subtitle ,f of title ,i of the ,food1 ,conservation1 and ,energy ,act of #bjjh is amended by inserting after section #afad 7#g ,u4,s4,c4 #hghi7 the following3 #afad;,a4 ,precision agriculture loan program 7a7 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 producers depend on a healthy environment to effectively produce the food and fiber needed for all communities2 7#b7 precision agriculture technologies can-- 7,a7 provide producers with better insight into the health of the environment of the producer2 and 7,b7 allow producers to make more informed decisions that improve efficiencies1 reduce waste1 and improve environmental quality in a manner that benefits both nature and the financial well-being of the producer2 7#c7 the adoption of precision agriculture technologies has already demonstrated that farmers and ranchers can produce crops in a manner that uses less water1 reduces soil erosion1 and mitigates greenhouse gas emissions while increasing carbon sequestration1 water quality1 and yields2 and 7#d7 the ,department of ,agriculture should seek to address hurdles to producers seeking to adopt precision agriculture technologies that allows for broader adoption of these technologies that provide benefits for both producers and the environment4 7b7 ,definitions ,in this section3 7#a7 ,precision agriculture ,the term precision agriculture means managing1 tracking1 or reducing crop or livestock production inputs1 including seed1 feed1 fertilizer1 chemicals1 water1 and time1 at a heightened level of spatial and temporal granularity to improve efficiencies1 reduce waste1 and maintain or improve environmental quality4 7#b7 ,precision agriculture technology ,the term precision agriculture technology means any technology 7including equipment that is necessary for the deployment of that technology7 that directly contributes to a reduction in1 or improved efficiency of1 inputs used in crop or livestock production1 including-- 7,a7 ,global ,positioning ,system-based or geospatial mapping2 7,b7 satellite or aerial imagery2 7,c7 yield monitors2 7,d7 soil mapping2 7,e7 sensors for gathering data on crop1 soil1 or livestock conditions2 7,f7 ,internet of ,things and telematics technologies2 7,g7 data management software and advanced analytics2 7,h7 network connectivity products and solutions2 7,i7 ,global ,positioning ,system guidance or auto-steer systems2 7,j7 variable rate technology for applying inputs1 such as section control2 and 7,k7 any other technology1 as determined by the ,secretary1 that leads to a reduction in1 or improves efficiency of1 crop and livestock production inputs1 which may include seed1 feed1 fertilizer1 chemicals1 water1 and time4 7c7 ,program ,as soon as practicable after the date of enactment of this section1 the ,secretary shall establish 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 technology4 7d7 ,administration ,the precision agriculture loan program under this section shall be administered by the ,secretary1 acting through the ,deputy ,administrator for ,farm ,programs of the ,farm ,service ,agency4 7e7 ,eligible producers ,a precision agriculture loan under this section shall be made available to any producer described in subsection 7c7 that1 as determined by the ,secretary-- 7#a7 has a satisfactory credit history2 7#b7 will use the loan funds to purchase precision agriculture technology2 and 7#c7 demonstrates an ability to repay the loan4 7f7 ,term of loans ,a precision agriculture loan under this section shall have a maximum term of #ab years4 7g7 ,loan amount ,the maximum aggregate loan amount of a precision agriculture loan under this section shall be #ejj1jjj4 7h7 ,loan security ,approval of a precision agriculture loan under this section shall require the borrower to provide loan security to the ,secretary1 in the form of-- 7#a7 a lien on the precision agriculture technology being purchased2 or 7#b7 such other security as is acceptable to the ,secretary4 7i7 ,reporting 7#a7 ,definition of recipient producer ,in this subsection1 the term recipient producer means an eligible producer described in subsection 7e7 that received a precision agriculture loan under this section during the fiscal year covered by the applicable report prepared under paragraph 7#b74 7#b7 ,preparation of report ,for each fiscal year1 the ,secretary shall prepare a report that includes-- 7,a7 aggregate data based on a review of each outstanding loan made by the ,secretary under this section2 and 7,b7 a description of-- 7i7 for the ,united ,states and for each ,state and county 7or equivalent jurisdiction7 in the ,united ,states-- 7,i7 the age of each recipient producer2 7,,ii7 the duration during which each recipient producer has engaged in agricultural production2 7,,iii7 the size of the farm or ranch of each recipient producer2 7,,iv7 the total amount provided as loans under this section for each category of equipment or technology described in subparagraphs 7,a7 through 7,k7 of subsection 7b77#b7 during the fiscal year covered by the report2 7,v7 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 year1 including the estimated input reduced or environmental benefits received per category-- 7aa7 during the fiscal year covered by the report with respect to-- 7,,aa7 loans provided under this section during that fiscal year2 and 7,,bb7 loans provided under this section during that fiscal year or any prior fiscal year2 and 7bb7 in the aggregate with respect to all loans provided under this section during or prior to the fiscal year covered by the report2 7,,vi7 the race1 ethnicity1 and gender of each recipient producer2 7,,vii7 the #a or more agricultural commodities or types of enterprise for which each loan provided under this section during the fiscal year was provided2 7,,viii7 the amount of each loan provided under this section during the fiscal year2 and 7,,ix7 the default rate of the loans made under this section during-- 7aa7 the fiscal year covered by the report2 7bb7 each preceding fiscal year2 and 7cc7 in the aggregate with respect to all loans provided under this section during or prior to the fiscal year covered by the report2 and 7ii7 for each ,state and county 7or equivalent jurisdiction7 in the ,united ,states1 the number of outstanding loans made under this section1 according to the loan size cohort4 7#c7 ,submission of report ,the ,secretary shall-- 7,a7 not later than #a year after the date of enactment of this ,act1 and annually thereafter1 submit the report described in paragraph 7#b7 to-- 7i7 the ,committee on ,agriculture1 ,nutrition1 and ,forestry of the ,senate2 7ii7 the ,committee on ,appropriations of the ,senate2 7iii7 the ,committee on ,agriculture of the ,house of ,representatives2 and 7iv7 the ,committee on ,appropriations of the ,house of ,representatives2 and 7,b7 not later than #ij days after the date on which the report is submitted under subparagraph 7,a71 make the report publicly available4 7j7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary such sums as are necessary to carry out this section4 4