; (G) data management software and advanced analytics; (H) network connectivity products and solutions; (I) Global Positioning System guidance or auto-steer systems; (J) variable rate technology for applying inputs, such as section control; and (K) any other technology, as determined by the Secretary, that leads to a reduction in, or improves efficiency of, crop and livestock production inputs, which may include seed, feed, fertilizer, chemicals, water, and time. (c) Program As soon as practicable after the date of enactment of this section, the Secretary shall establish a precision agriculture loan program to encourage the adoption of precision agriculture by providing funds to producers engaged in livestock or crop production for the purchase of precision agriculture technology. (d) Administration The precision agriculture loan program under this section shall be administered by the Secretary, acting through the Deputy Administrator for Farm Programs of the Farm Service Agency. (e) Eligible producers A precision agriculture loan under this section shall be made available to any producer described in subsection (c) that, as determined by the Secretary— (1) has a satisfactory credit history; (2) will use the loan funds to purchase precision agriculture technology; and (3) demonstrates an ability to repay the loan. (f) Term of loans A precision agriculture loan under this section shall have a maximum term of 12 years. (g) Loan amount The maximum aggregate loan amount of a precision agriculture loan under this section shall be $500,000. (h) Loan security Approval of a precision agriculture loan under this section shall require the borrower to provide loan security to the Secretary, in the form of— (1) a lien on the precision agriculture technology being purchased