Plain Language Summary
# GRAIN DRY Act Summary **What It Does:** The GRAIN DRY Act would expand an existing Department of Agriculture loan program to help farmers finance propane storage facilities. Currently, the Farm Storage Facility Loan Program allows agricultural producers to borrow money at low interest rates to build or upgrade storage for crops and commodities. This bill would add propane storage to the list of eligible uses, allowing farmers to use the same favorable loan terms to construct or improve facilities for storing propane used in their operations. **Who It Affects:** The bill primarily benefits farmers and agricultural producers who use propane to power equipment like grain dryers, irrigation systems, and barn heating.
It could also indirectly benefit rural communities that rely on agriculture. The changes would be administered by the U.S. Department of Agriculture. **Current Status:** The bill (HR 1302) was introduced by Representative Brad Finstad (R-Minnesota) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full House of Representatives.
CRS Official Summary
Growing Rural Agricultural Infrastructure Needs to Deliver Rising Yields Act or the GRAIN DRY ActThis 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).
Latest Action
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.