Assembly Bill 363 establishes a Dairy Cattle Innovation Program in Wisconsin, which will be administered by the Wisconsin Economic Development Corporation (WEDC). This program allows eligible milk producers to apply for no-interest loans to support various activities aimed at improving farm efficiencies, animal care, milk quality, and reducing environmental impacts associated with dairy operations. To qualify for these loans, applicants must operate a dairy farm with between 50 and 714 producing dairy cows, be located in Wisconsin, and meet specific criteria regarding regulatory compliance, employee authorization, and bankruptcy status.

The bill outlines the conditions for eligibility, including that at least 98% of the applicant's employees must work in Wisconsin, and the applicant must not have faced regulatory enforcement actions in the past five years. The loans can be used for activities such as incorporating new technologies, improving animal health, and expanding dairy operations. WEDC is required to prioritize applicants who aim to create skilled jobs, enhance milk production practices, and improve labor efficiency. The bill also allows WEDC to consult with the Department of Agriculture, Trade and Consumer Protection for program administration.