Assembly Bill 363 establishes a Dairy Cattle Innovation Program, which allows the Wisconsin Economic Development Corporation (WEDC) to provide no-interest loans to eligible milk producers for specific activities aimed at improving 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 several criteria, including having no recent regulatory enforcement actions related to environmental or food safety laws, employing only legally authorized workers, and not being in bankruptcy.

The bill outlines that the loans can be used for activities such as enhancing farm efficiencies, improving animal care and milk quality, reducing environmental impacts from manure management, and expanding operational capacity. WEDC is required to prioritize loan applications that aim to create new skilled jobs, improve milk production practices, reduce environmental effects per gallon of milk produced, and enhance labor efficiency. The bill also allows WEDC to consult with the Department of Agriculture, Trade and Consumer Protection for program administration.