; . (2) Effective date The amendment made by this section shall apply with respect to partnership agreements entered into on or after October 1, 2023. B Establishing Innovative Grants for Conservation and Loans for Structural Improvements 241. Repeal and reestablishment of EQIP conservation innovation grant program (a) Repeal Section 1240H of the Food Security Act of 1985 ( 16 U.S.C. 3839aa–8 ) is repealed. (b) Conservation innovation grant program Chapter 5 of subtitle D of title XII of the Food Security Act of 1985 ( 16 U.S.C. 3839bb et seq. ) is amended in subsection (a)(2) by adding at the end the following: (I) provide payments to producers to implement cost-effective and innovative technologies to address priority resource concerns related to air quality from agricultural operations; and (J) provide environmental and resource conservation benefits through increased participation by beginning farmers and ranchers and socially disadvantaged farmers and ranchers. . 242. Conservation loan and loan guarantee program Section 304 of the Consolidated Farm and Rural Development Act is amended— (1) in subsection (b)(3)— (A) in subparagraph (F), by striking and at the end; (B) in subparagraph (G), by striking the period and inserting ; and ; and (C) by adding at the end the following: (H) how and to what extent the conservation project will support the implementation of a comprehensive conservation plan and improve the conditions of identified priority resource concerns. ; (2) in subsection (c), by adding at the end the following: (3) Conservation loan plan In order to be eligible to receive a loan or loan guarantee under this section, an entity described in paragraph (1) shall have a conservation loan plan. ; (3) in subsection (d)— (A) in paragraph (2), by striking and at the end; (B) in paragraph (3), by striking the period and inserting a semicolon; and (C) by adding at the end the following: (4) projects that will do the most to address priority resource concerns, as specified in a conservation loan plan