,i #aai? ,,congress #a/ ,session ,h4 ,r4 #cbaa ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #f1 #bjbe,mr4 ,fe5/ra 7= himself & ,mr4 ,panetta7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to am5d ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh to e/abli% a precision agriculture loan program1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,precision ,agriculture ,loan ,program ,act ( #bjbe4 #b4 ,precision agriculture loan program ,subtitle ,f ( title ,i ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh is am5d$ by ins]t+ aft] section #afad 7#g ,u4,s4,c4 #hghi7 ! foll[+3 #afad;,a4 ,precision agriculture loan program 7a7 ,def9itions ,9 ?is section3 7#a7 ,precision agriculture ,! t]m precision agriculture means manag+1 track+1 or r$uc+ crop or live/ock production inputs1 includ+ se$1 fe$1 f]tiliz]1 *emicals1 wat]1 & "t1 at a height5$ level ( spatial & temporal granul>ity to improve effici5cies1 r$uce wa/e1 & ma9ta9 environm5tal quality4 7#b7 ,precision agriculture equipm5t ,! t]m precision agriculture equipm5t means any equipm5t or te*nology t directly contributes to a r$uction 91 or improv$ effici5cy (1 inputs us$ 9 crop or live/ock production1 includ+-- 7,a7 ,global ,position+ ,sy/em-bas$ or geospatial mapp+2 7,b7 satellite or a]ial imag]y2 7,c7 yield monitors2 7,d7 soil mapp+2 7,e7 s5sors = ga!r+ data on crop1 soil1 or live/ock conditions2 7,f7 ,int]net ( ,?+s & telematics te*nologies2 7,g7 data managem5t s(tw>e & advanc$ analytics2 7,h7 network connectivity products & solutions2 7,i7 ,global ,position+ ,sy/em guidance or auto-/e] sy/ems2 7,j7 v>iable rate te*nology = apply+ inputs1 su* z section control2 & 7,k7 any o!r te*nology1 z det]m9$ by ! ,secret>y1 t leads to a r$uction 91 or improves effici5cy (1 crop & live/ock production inputs1 :i* may include se$1 fe$1 f]tiliz]1 *emicals1 wat]1 & "t4 7b7 ,program ,z soon z practicable aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all e/abli% a precision agriculture loan program to enc\rage ! adoption ( precision agriculture by provid+ funds to produc]s engag$ 9 live/ock or crop production = ! pur*ase ( precision agriculture equipm5t4 7c7 ,adm9i/ration ,! precision agriculture loan program "u ?is section %all be adm9i/]$ by ! ,secret>y1 act+ ?r\gh ! ,deputy ,adm9i/rator = ,f>m ,programs ( ! ,f>m ,s]vice ,ag5cy4 7d7 ,eligible produc]s ,a precision agriculture loan "u ?is section %all be made available to any produc] describ$ 9 subsection 7b7 t1 z det]m9$ by ! ,secret>y-- 7#a7 has a satisfactory cr$it hi/ory2 7#b7 w use ! loan funds to pur*ase precision agriculture equipm5t2 & 7#c7 demon/rates an ability to repay ! loan4 7e7 ,t]m ( loans ,a precision agriculture loan "u ?is section %all h a maximum t]m ( #ab ye>s4 7f7 ,loan am\nt ,! maximum aggregate loan am\nt ( a precision agriculture loan "u ?is section %all be #ejj1jjj4 7g7 ,loan security ,approval ( a precision agriculture loan "u ?is section %all require ! borr[] to provide loan security to ! ,secret>y1 9 ! =m (-- 7#a7 a li5 on ! precision agriculture equipm5t be+ pur*as$2 or 7#b7 su* o!r security z is acceptable to ! ,secret>y4 7h7 ,report+ 7#a7 ,def9ition ( recipi5t produc] ,9 ?is subsection1 ! t]m recipi5t produc] means an eligible produc] describ$ 9 subsection 7d7 t receiv$ a precision agriculture loan "u ?is section dur+ ! fiscal ye> cov]$ by ! applicable report prep>$ "u p>agraph 7#b74 7#b7 ,prep>ation ( report ,= ea* fiscal ye>1 ! ,secret>y %all prep>e a report t includes-- 7,a7 aggregate data bas$ on a review ( ea* out/&+ loan made by ! ,secret>y "u ?is section2 & 7,b7 a description (-- 7i7 = ! ,unit$ ,/ates & = ea* ,/ate & c\nty 7or equival5t jurisdiction7 9 ! ,unit$ ,/ates-- 7,i7 ! age ( ea* recipi5t produc]2 7,,ii7 ! duration dur+ :i* ea* recipi5t produc] has engag$ 9 agricultural production2 7,,iii7 ! size ( ! f>m or ran* ( ea* recipi5t produc]2 7,,iv7 ! total am\nt provid$ z loans "u ?is section = ea* category ( equipm5t or te*nology describ$ 9 subp>agraphs 7,a7 ?r\gh 7,k7 ( subsection 7a77#b7 dur+ ! fiscal ye> cov]$ by ! report2 & 7,v7 ! e/imat$ input r$uc$ or environm5tal b5efits receiv$ p] category ( equipm5t or te*nology describ$ 9 ^? subp>agraphs ) respect to :i* a loan 0 provid$ "u ?is section dur+ ! fiscal ye> cov]$ by ! report or any prior fiscal ye>1 includ+ ! e/imat$ input r$uc$ or environm5tal b5efits receiv$ p] category-- 7aa7 dur+ ! fiscal ye> cov]$ by ! report ) respect to-- 7,,aa7 loans provid$ "u ?is section dur+ t fiscal ye>2 & 7,,bb7 loans provid$ "u ?is section dur+ t fiscal ye> or any prior fiscal ye>2 & 7bb7 9 ! aggregate ) respect to all loans provid$ "u ?is section dur+ or prior to ! fiscal ye> cov]$ by ! report2 7,,vi7 ! race1 e?nicity1 & g5d] ( ea* recipi5t produc]2 7,,vii7 ! #a or m agricultural commodities or types ( ent]prise = :i* ea* loan provid$ "u ?is section dur+ ! fiscal ye> 0 provid$2 7,,viii7 ! am\nt ( ea* loan provid$ "u ?is section dur+ ! fiscal ye>2 & 7,,ix7 ! default rate ( ! loans made "u ?is section dur+-- 7aa7 ! fiscal ye> cov]$ by ! report2 7bb7 ea* prec$+ fiscal ye>2 & 7cc7 9 ! aggregate ) respect to all loans provid$ "u ?is section dur+ or prior to ! fiscal ye> cov]$ by ! report2 & 7ii7 = ea* ,/ate & c\nty 7or equival5t jurisdiction7 9 ! ,unit$ ,/ates1 ! numb] ( out/&+ loans made "u ?is section1 accord+ to ! loan size cohort4 7#c7 ,submission ( report ,! ,secret>y %all-- 7,a7 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 & annually !reaft]1 submit ! report describ$ 9 p>agraph 7#b7 to-- 7i7 ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ( ! ,s5ate2 7ii7 ! ,committee on ,appropriations ( ! ,s5ate2 7iii7 ! ,committee on ,agriculture ( ! ,h\se ( ,repres5tatives2 & 7iv7 ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives2 & 7,b7 n lat] ?an #ij days aft] ! date on :i* ! report is submitt$ "u subp>agraph 7,a71 make ! report publicly available4 7i7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y su* sums z are necess>y to c>ry out ?is section4 4