Conservation loan and loan guarantee program

Section 304 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1924) is amended— (1) in subsection (b)— (A) in paragraph (3), by redesignating subparagraphs (F) and (G) as subparagraphs (G) and (H), respectively, and inserting after subparagraph (E) the following: (F) the adoption of precision agriculture practices, and the acquisition of precision agriculture technology;; and (B) by adding at the end the following: (4) Precision agriculture; precision agriculture technology The terms precision agriculture and precision agriculture technology have the meanings given those terms in section 1201 of the Food Security Act of 1985.; and (2) in subsection (d)— (A) in paragraph (2), by striking and; (B) in paragraph (3), by striking the period and inserting; and; and (C) by adding at the end the following: (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..