This bill does the following.
1. The funds provided by the bond issue in Part A, in the amount of $55,600,000, will be used to support the agricultural sector in the State.
2. Part B establishes a property tax exemption for certain agricultural and horticultural structures and buildings.
3. Part C requires the Commissioner of Agriculture, Conservation and Forestry to direct staff of the Department of Agriculture, Conservation and Forestry, Bureau of Agriculture, Food and Rural Resources to study the bureau's financial assistance programs for farmers and food producers to identify barriers to accessing these programs and methods to eliminate those barriers and increase the effectiveness of the programs in addressing farmer and food producer needs. The study must also include an examination of how to create a simple common application for all of the department's financial assistance programs. The commissioner is required to submit a report by January 15, 2027 to the joint standing committee of the Legislature having jurisdiction over agriculture, conservation and forestry matters, which may report out legislation to the 133rd Legislature in 2027.