Texas Senate Bill SB2985

Texas 2025 - 89th Regular

• Filed: 3/14/25

Caption

Relating to the Texas Agricultural Finance Authority and to a study and report on plant diseases and pest outbreaks.

Impact

The bill's provisions are anticipated to have a broad impact on state agricultural laws by revising eligibility criteria for grants and loans to better fit the needs of modern agricultural practices. The maximum loan amounts will be adjusted to accommodate higher funding levels, part of a broader effort to support agricultural enterprises and ensure their competitiveness. By involving state entities in studies on pest outbreaks, the bill will help reinforce proactive measures to combat agricultural diseases, potentially reducing losses in crop productivity and safeguarding farmer incomes.

Summary

Senate Bill 2985 seeks to amend various sections of the Agriculture Code relating to the Texas Agricultural Finance Authority and to establish a framework for annual studies and reports on plant diseases and pest outbreaks. The bill aims to enhance the effectiveness of financial programs targeted at agricultural businesses, promoting their growth, diversification, and overall resiliency. A significant component of SB2985 is its focus on allowing the authority to design and implement financial assistance programs that not only provide loans but also facilitate the development and sustainability of rural businesses.

Contention

While SB2985 enjoys support for its intentions to bolster agricultural finance and respond to emerging threats from diseases and pests, it may face scrutiny over issues such as the effective allocation of state resources. Stakeholders may raise questions regarding the oversight of the financial assistance programs and their long-term sustainability. The inclusion of specific metrics and reporting requirements could become points of contention, especially regarding how effectively the bill's broader aims translate into tangible benefits for the agricultural sector. Overall, the discussions around SB2985 may highlight the balancing act between supporting agricultural growth and ensuring responsible management of fiscal resources.

Texas Constitutional Statutes Affected

Agriculture Code

• Chapter 58. Agricultural Finance Authority
  • Section: New Section
  • Section: 091
  • Section: 092
  • Section: 093
  • Section: 095