The bill amends Section 58.093 of the Agriculture Code regarding the young farmer grant program. It establishes that the minimum grant amount will be increased from $5,000 to $10,000, while the maximum grant amount will rise from $20,000 to $35,000. These changes aim to provide greater financial support to young farmers participating in the program.
The new provisions will apply to grants issued on or after the effective date of the Act, which is set for September 1, 2025. Grants issued prior to this date will continue to be governed by the previous law. This ensures a smooth transition to the updated grant amounts while maintaining the integrity of grants already awarded.
Statutes affected: Introduced: Agriculture Code 58.093 (Agriculture Code 58)