HR 1302: GRAIN DRY Act

Cosponsors

Summary

Growing Rural Agricultural Infrastructure Needs to Deliver Rising Yields Act or the GRAIN DRY Act

This bill specifies that funds provided under the Farm Storage Facility Loan Program may be used to construct or upgrade storage facilities for propane that is primarily used for agricultural production.

This Department of Agriculture loan program provides low-interest financing for agricultural producers to build or upgrade commodity storage facilities. Some agricultural producers use propane to power agricultural operations (e.g., grain dryers, irrigation engines, and barn heating).

Policy Areas

Agriculture and Food

Next Steps

The next action is for the House Committee on Agriculture to consider the bill. This may involve hearings, markups, and revisions before a vote in the full House.

Social Impact

The bill could benefit rural communities that rely on agriculture and propane by improving agricultural infrastructure and potentially boosting local economies. The extent of the social impact depends on the bill's effectiveness and actual adoption by agricultural producers.

Business Impact

If passed, the bill could positively impact propane storage businesses by increasing access to loans for facility construction or upgrades, potentially leading to business expansion and job creation. However, it may also shift market dynamics and have unforeseen consequences.

Financial Impact

The financial impact is potentially positive for agricultural producers who utilize propane, as access to loans could reduce upfront costs for storage facilities. The government's financial commitment depends on the loan program's uptake and subsequent loan repayments.

Bill History

Thursday, February 13, 2025
IntroReferral - Referred to the House Committee on Agriculture.

Thursday, February 13, 2025
IntroReferral - Introduced in House

Bill Text

Introduced in House February 13, 2025
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