Producing Responsible Energy and Conservation Incentives and Solutions for the Environment Act
A BILL
To leverage incentives for the adoption of costly precision agriculture technology, and for other purposes.
Sec. 2 Conservation loan and loan guarantee program
“(F) the adoption of precision agriculture practices, and the acquisition of precision agriculture technology;”
“(4) producers who use the loans to adopt precision agriculture practices or acquire precision agriculture technology, including adoption or acquisition for the purpose of participating in the environmental quality incentives program under subchapter A of chapter 4 of subtitle D of title XII of the Food Security Act of 1985.”
“(2) 90 percent of the principal amount of the loan in the case of—
“(A) a producer that is a qualified socially disadvantaged farmer or rancher or a beginning farmer or rancher; or
“(B) loans that are used for the purchase of precision agriculture technology.”
“(f) Administrative provisions
“(1) Geographic diversity—The Secretary”
“(2) Coordination with NRCS—In making or guaranteeing loans under this section, the Secretary shall ensure that there is coordination between the Farm Service Agency and the Natural Resources Conservation Service.”
Sec. 3 Assistance to rural entities
“(E) expanding precision agriculture practices, including by financing equipment and farm-wide broadband connectivity, in order to promote best-practices, reduce costs, and improve the environment.”
Sec. 4 Environmental Quality Incentives Program
“(A) Payments under this subtitle—A producer shall”
“(B) Conservation loan and loan guarantee program payments
“(i) In general—A producer receiving payments for practices on eligible land under the program may also receive a loan or loan guarantee under section 304 of the Consolidated Farm and Rural Development Act to cover costs for same practices on the same land.
“(ii) Notice to producer—The Secretary shall inform a producer participating in the program in writing of the availability of a loan or loan guarantee under section 304 of the Consolidated Farm and Rural Development Act as it relates to costs of implementing practices under this program.”
“(8) Increased payments for precision agriculture—Notwithstanding paragraph (2), the Secretary may increase the amount that would otherwise be provided for a practice under this subsection to not more than 90 percent of the costs associated with adopting precision agriculture practices and acquiring precision agriculture technology.”
Sec. 5 Conservation Stewardship Program
“(3) Exclusions—A payment to a producer under this subsection shall not be provided for conservation activities for which there is no cost incurred or income forgone by the producer.”
“(C) precision agriculture.”
Sec. 6 Delivery of technical assistance
“(6) Soil health planning—The Secretary shall emphasize the use of third-party providers in providing technical assistance for soil health planning, including planning related to the use of cover crops, precision conservation management, comprehensive nutrient management planning, and other innovative plans.”