S. 1826: Growing Rural Agricultural Infrastructure Needs to Deliver Rising Yields Act

The Growing Rural Agricultural Infrastructure Needs to Deliver Rising Yields Act, also known as the GRAIN DRY Act, proposes an amendment to the Food, Conservation, and Energy Act of 2008. The main focus of this bill is to allow funding for agricultural producers to use loans specifically for constructing or upgrading storage facilities for propane. This propane is primarily intended for agricultural production purposes.

Key Provisions

• The bill clarifies that agricultural producers can access loans for constructing or improving storage facilities for propane.
• This propane storage must be primarily used in agricultural production, ensuring that the funding directly supports farming activities.
• The amendment adjusts existing language in the Food, Conservation, and Energy Act to reflect these changes, expanding financial support options for producers who rely on propane in their operations.

Purpose

By expanding the eligibility for storage facility loans to include propane, the GRAIN DRY Act aims to enhance the agricultural infrastructure in rural areas. This could help farmers manage their storage needs better and improve efficiency in using propane, which is commonly used in various agricultural processes, including drying grains.

Impact on the Agricultural Sector

The proposed changes are intended to support agricultural productivity by providing farmers with the resources needed to establish or improve their propane storage capabilities. This is expected to facilitate better management of agricultural inputs and potentially contribute to higher yields.

Implementation

If enacted, implementation will require coordination between agricultural producers, financial institutions providing the loans, and agricultural departments overseeing the program. The focus will be on ensuring that the loans provided are utilized effectively for the intended purpose of enhancing agricultural production.

Relevant Companies

• PHI Group, Inc. (PHI) - This company may be impacted as they could potentially be involved in providing propane storage solutions or services for agricultural needs.
• Nutrien Ltd. (NTR) - Nutrien provides crop input and service solutions, and could see changes in demand for propane in relation to agricultural operations.