This bill mandates the establishment of a Farm Vitality Planning Reimbursement Grant Program by the Department of Agriculture, aimed at reimbursing farm owners and operators for eligible costs associated with developing and implementing plans that ensure long-term farm viability. The program will provide grants of up to $7,500, covering up to 75% of the total eligible costs incurred. Eligible plans include various business strategies, ownership transition plans, and maintenance plans for preserved farmland. The bill specifies that any remaining costs must be financed by the farm owners through monetary means rather than in-kind contributions.

The bill outlines the types of costs that are eligible for reimbursement, such as hiring professionals like accountants, appraisers, and attorneys for plan development, while explicitly listing ineligible costs, including capital improvements and travel expenses. Grants will be awarded on a first-come, first-served basis, contingent upon the availability of funds, and applicants must provide verifiable documentation of their incurred costs. An initial appropriation of $1 million from the General Fund is allocated to support the program, and the Secretary of Agriculture is required to submit annual reports on the program's implementation and effectiveness, including recommendations for its continuation and any necessary additional funding.