Farm bill quietly expands federal loans to propane storage
H.R. 1302 — GRAIN DRY Act · Filed by Brad Finstad (R-MN) · 1 cosponsor · Introduced Feb 13, 2025 · Referred to committee
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What it does
This bill amends the 2008 farm law to allow propane storage facilities to qualify for federal agricultural storage loans. Previously, the loan program covered grain and other crop storage; this expands it to include propane tanks used on farms for heating, drying grain, or other agricultural operations. Farmers and agricultural producers become eligible to borrow federal funds for propane storage infrastructure.
Why we flagged it
The bill's sole operative function is to expand an existing federal loan program to include a new category of eligible infrastructure (propane storage). It is a narrow technical amendment to farm lending law, not a broader policy shift.
What the text implies
- The bill references 7 CFR 4279.2 as the definition of 'agricultural production' — the scope of eligible propane uses depends on that regulation's current language and may shift if the regulation is later amended.
- No cap on loan amounts, terms, or interest rates is specified in the bill; those terms remain governed by the underlying 2008 farm law and USDA regulations, which are not quoted here.
The full analysis lists 3 implications of this text.
Who stands to gain
agricultural producers and farmers; propane suppliers and distributors (indirect, via increased farm-level demand)