The bill appropriates funds for wolf and elk depredation payments to support farmers and ranchers in Minnesota. Specifically, it allocates a specified amount from the general fund to the commissioner of agriculture for compensation payments related to livestock losses due to wolves and damages to crops or fences caused by elk for the fiscal years 2026 and 2027. The bill allows for the transfer of funds between the two programs if claims are unusually high, ensuring that resources are available to address the needs of affected individuals.

Additionally, the bill permits the commissioner to use up to $5,000 each year from the appropriated funds to reimburse university extension agents for providing fair market values of destroyed or crippled livestock. This provision aims to streamline the compensation process and ensure that farmers receive adequate support for their losses.