AEM Applauds Senators Fischer, Klobuchar for Introducing Precision Ag Loan Program Act
“The Precision Agriculture Loan Program Act of 2021 will give U.S. farmers a whole new set of tools to help achieve climate goals while continuing to feed and fuel the world.”
The Association of Equipment Manufacturers (AEM) issued the following statement regarding the introduction of the bipartisan “Precision Ag Loan Program Act of 2021.”
“The Association of Equipment Manufacturers applauds Senators Deb Fischer and Amy Klobuchar for their steadfast leadership on behalf of rural America and for introducing the Precision Agriculture Loan Program Act of 2021,” said Dennis Slater, president of the Association of Equipment Manufacturers. “This important legislation recognizes the critical role that precision agriculture technology, such as machine section control, auto guidance, variable rate technology, telematics, and precision irrigation, plays in promoting climate-smart agriculture. AEM’s own research shows that increased adoption of precision agriculture technology in the crop farming industry can have a significant environmental and economic impact for farmers in maximizing productivity, crop yields, fertilizer use, herbicide use, fossil fuel use, and water use, as well as reducing carbon emissions. The Precision Agriculture Loan Program Act of 2021 will give U.S. farmers a whole new set of tools to help achieve climate goals while continuing to feed and fuel the world.”
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 2.8 million jobs in the U.S. Equipment manufacturers also contribute $288 billion a year to the U.S. economy.