; or (B) an association of farmers, ranchers, or aquaculture, mariculture, or fisheries operators. (c) Cost sharing (1) Grants The amount of a grant provided under this section shall be not more than 25 percent of the cost of the activity for which the grant is provided. (2) Maximum amount The combined amount of a grant or loan provided, and any loan guaranteed, for a public agency or nonprofit organization under this section shall not exceed 80 percent of the cost of the activity for which the grant or loan is provided, or the loan is guaranteed, as applicable. (d) Interest rate (1) In general A loan provided by the Secretary under this section shall bear interest at the rate equivalent to the rate of interest charged on United States Treasury securities of comparable maturity on the date on which the loan is approved. (2) Duration The interest rate referred to in paragraph (1) with respect to a loan under this section shall remain in effect for the term of the loan. (e) Funding Of the funds of the Commodity Credit Corporation, the Secretary shall use to carry out this section $50,000,000 for each of fiscal years 2024 through 2029. 6. Pilot program for food banks and local farmer contracting for local procurement (a) Establishment The Secretary shall establish a pilot program under which the Secretary shall provide grants to food banks to voluntarily contract with farmers local to the food banks to grow produce for food bank programs to promote local procurement of produce. (b) Methods Under a contract described in subsection (a), a local farmer may grow produce through traditional or controlled environmental agriculture farming methods. (c) Amount The amount of a grant provided to a food bank under this section shall be $500,000. (d) Distribution (1) In general Subject to paragraph (2), the Secretary shall distribute grants under this section to 15 food banks, in accordance with the following: (A) ZIP Code Of the 15 food banks that receive grants under this section— (i) 5 shall be located in urban ZIP Codes (as