H.R. 985: To amend the Agriculture Improvement Act of 2018 to reauthorize the dairy business innovation initiatives.

This bill proposes modifications to the Agriculture Improvement Act of 2018, specifically aimed at enhancing the dairy business innovation initiatives. The key changes outlined in the bill are as follows:

Dairy Business Innovation Initiatives

The bill amends the section regarding dairy business innovation in the following ways:

1. The maximum number of projects funded under this initiative will increase from 3 to 4 projects.
2. The funding amount allocated for these initiatives will increase from $20 million to $36 million.

Objectives

The intent of these changes is to support the dairy industry by allowing more projects to be funded and by providing a greater financial resource to enhance dairy innovation and business practices, thereby potentially improving the economic viability of dairy businesses.

Expected Impact

By increasing the funding and the number of projects, the bill aims to encourage further development in the dairy sector, possibly leading to innovations in production, processing, and marketing. This could, in turn, help dairy producers to adapt to changing market conditions and consumer preferences.

Relevant Companies

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