Study on storage facility loans for on-farm fertilizer storage

(a) In general The Secretary shall conduct a study on the feasibility to provide storage facility loans to producers to construct or maintain facilities for on-farm fertilizer storage. (b) Contents In conducting the study under this section, the Secretary shall include data, as of the date of enactment of this section, on— (1) the market for on-farm fertilizer storage facilities, including— (A) the number of farms in the United States equipped with on-farm fertilizer storage facilities; and (B) the overall availability of, and producer demand for, on-farm fertilizer storage facilities; (2) producer access to financing for the construction or maintenance of on-farm fertilizer storage facilities; and (3) storage facility loan rates and terms provided by commercial lending institutions in comparison to storage facility loan rates and terms provided by the Secretary. (c) Report Not later than 1 year after the date of enactment of this section, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report on the findings of the study under this section.