This bill authorizes the Secretary of Agriculture to declare an agricultural emergency for a duration of up to six months, allowing the secretary to establish specific criteria for such declarations, which may include local and national events affecting fertilizer prices. Following the declaration, the Department of Agriculture is required to announce the emergency on its website within 24 hours, providing details on the reason for the declaration and resources available to farmers to mitigate harm to crops and livestock.

Additionally, the bill mandates that the Department of Agriculture conduct a study within six months of the bill's effective date to identify available funding sources—state, federal, and private—that can assist farmers during an agricultural emergency. The findings of this study, which should emphasize funding sources that can be quickly accessed, must be reported to the Governor and the Legislature.