Senate Bill 2763 Summary

• Establishes a separate loan program within the Emerging Crops Fund specifically for agribusinesses engaged in poultry production to make upgrades, renovations, repairs, and improvements to equipment and facilities.

• Increases the maximum loan amount for poultry production operations from $200,000 to either $200,000 or 30% of total project cost, whichever is less.

• Expands eligibility for the poultry production loan program to other agribusiness enterprises beyond those currently using the fund.

• Sets a maximum aggregate loan limit of $400,000 for any single agribusiness or greenhouse production horticulture enterprise across all loans made under the program.

• Charges no interest on loans made under the program, with repayments deposited back into the Emerging Crops Fund.