The bill establishes the Farmers' Crop Loss Reimbursement Grant Program within the Department of Agriculture (DoAg) to provide financial assistance to Connecticut farmers who experience crop loss due to significant acute weather events. The program will be governed by parameters set by DoAg, which will include eligibility criteria, prioritization rules for fund allocation, maximum reimbursement amounts, and the specific weather events that qualify for reimbursement. Additionally, the bill mandates that DoAg must act on any reimbursement application within 60 days of receipt.

To fund this program, the bill authorizes the issuance of up to $10 million in state general obligation bonds, which will be used by DoAg to reimburse farmers as outlined in the grant program. The bonds will follow standard issuance procedures and repayment requirements, ensuring that the state’s full faith and credit back the bonds. The bill is set to take effect on July 1, 2025, and aims to support the agricultural sector in recovering from the financial impacts of severe weather events.