Policy Impact Analysis - 117/S/4971

Bill Overview

Title: Innovative Agricultural Technology Act of 2022

Description: This bill directs the Department of Agriculture (USDA) to establish the Innovative Agricultural Technology Pilot Program to enable certain U.S. citizens and corporations to test agricultural technologies without complying with applicable laws or regulations, subject to market access limits. Additionally, USDA must (1) establish an online program that educates agricultural producers about using distributed ledger technology in agricultural production, and (2) conduct a study to identify potential applications for distributed ledger technology in agricultural operations.

Sponsors: Sen. Blackburn, Marsha [R-TN]

Target Audience

Population: Agricultural producers and those in the agricultural technology sector

Estimated Size: 21000000

Reasoning

Simulated Interviews

Corn Farmer (Iowa)

Age: 45 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 15/20

Statement of Opinion:

  • I'm cautious about using new tech because I can't afford a big setback.
  • Education on new technologies sounds promising if it's straightforward and useful.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 8 6
Year 20 7 5

Agricultural Tech Entrepreneur (California)

Age: 32 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • This is a fantastic opportunity to test our new systems without red tape.
  • It's great to see acknowledgment of tech in agriculture.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 8
Year 2 9 8
Year 3 10 8
Year 5 10 8
Year 10 10 8
Year 20 9 8

Rancher (Texas)

Age: 54 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 2.0 years

Commonness: 12/20

Statement of Opinion:

  • Unsure how this will help ranchers, it seems focused on crops and high-tech
  • Hope the online education is more than just fluff

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 5 5
Year 3 5 5
Year 5 5 5
Year 10 5 5
Year 20 5 5

Organic Farmer (Ohio)

Age: 29 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 4.0 years

Commonness: 7/20

Statement of Opinion:

  • Innovation is important but must be sustainable.
  • Worried about the costs associated with shifting to tech-focused farming.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 7 6

Agri-Tech Consultant (Nebraska)

Age: 60 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 8.0 years

Commonness: 6/20

Statement of Opinion:

  • This could drive a lot of growth and efficiency in large-scale operations.
  • It's important to balance tech innovation with practical applications for farmers.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 9 7
Year 20 8 7

Farming Co-op Manager (Illinois)

Age: 40 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 6.0 years

Commonness: 10/20

Statement of Opinion:

  • Co-ops could benefit from shared resources under this program.
  • Education on distributed ledger could help us improve operations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 9 6
Year 10 9 6
Year 20 8 6

Grain Elevator Operator (North Dakota)

Age: 50 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 7.0 years

Commonness: 8/20

Statement of Opinion:

  • The pilot could help refine our storage tech without immediate compliance risks.
  • Important to remain competitive with new technologies.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 8 7
Year 5 8 6
Year 10 8 6
Year 20 7 6

Tech Developer for Agriculture Apps (Florida)

Age: 30 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • Excited to see how distributed ledgers can be applied in our apps.
  • Deregulation offers us a good sandbox to innovate further.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 9 7
Year 3 9 7
Year 5 9 7
Year 10 10 7
Year 20 9 7

University Agricultural Researcher (Kentucky)

Age: 38 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 9/20

Statement of Opinion:

  • Education and deregulation could spur more innovation.
  • Hope it doesn't just benefit large corporations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 8 6
Year 20 7 6

Environmental Policy Analyst (New York)

Age: 26 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 3.0 years

Commonness: 8/20

Statement of Opinion:

  • Wary of deregulation, could lead to unchecked environmental harm.
  • Hope policy includes strong oversight and standards.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 5 5
Year 20 5 5

Cost Estimates

Year 1: $150000000 (Low: $120000000, High: $180000000)

Year 2: $125000000 (Low: $100000000, High: $150000000)

Year 3: $100000000 (Low: $80000000, High: $120000000)

Year 5: $80000000 (Low: $64000000, High: $96000000)

Year 10: $50000000 (Low: $40000000, High: $60000000)

Year 100: $10000000 (Low: $8000000, High: $12000000)

Key Considerations