Microsoft will invest $1.9 billion over the next three years to help ranchers and farmers struggling with drought, the company announced Wednesday.
The program, announced by CEO Satya Nadella, is designed to help drought-hit farmers and small businesses by helping them with research and developing technologies to help them manage the drought.
The program also is designed for small businesses, as they need to help with farm-to-table dining.
Microsoft will give farmers and farmers a $1,000 loan to help offset the costs of growing food in the future.
The loans will be available through the end of 2019, the first year of the program.
Microsoft said the money will be used to help reduce food and water costs and improve farming practices in drought-affected areas.
The money will help farmers, ranchers, and small business owners adapt to the drought and adapt to growing crops and livestock in drought regions, Microsoft said.
Nadella said the program will help to address the impacts of climate change and weather events, including extreme weather.
He also said the drought is affecting more and more farmers in the U.S. in order to meet the demands of the world economy.
Drought-stricken farmers and rural communities are the largest in the United States, and the impact of drought is impacting the livelihoods of people and businesses, according to the National Drought Mitigation Center.
More than $7 trillion has been lost to drought across the U, with about half of the losses attributed to the California drought, according the center.
More than 2 million people in the country have been impacted by drought-related food insecurity in 2016, the center said.