The bill S.60 establishes the Farm Security Special Fund in Vermont to provide financial grants to farmers who have suffered losses due to extreme weather conditions, such as flooding, drought, and other climate-related disasters. The General Assembly recognizes that many existing support programs are difficult to access and do not adequately meet the needs of Vermont's farmers, particularly smaller and diversified operations that may not be covered by federal crop insurance. The Fund aims to maintain farm viability, ensure food security, and enhance resilience against future challenges by providing a permanent source of relief for farmers impacted by climate emergencies.

The Farm Security Special Fund will be administered by the Secretary of Agriculture, Food and Markets, and will consist of funds from various sources, including state appropriations and federal aid. Grants will reimburse farmers for up to 50% of uninsured losses, with a maximum award of $150,000 per year for each qualified applicant. The bill also establishes a Farm Security Special Fund Review Board to oversee the application process, assess the validity of claims, and recommend grant awards. The act is set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 6-207
As Passed By the Senate -- Official: 6-207
As Passed By the Senate -- Unofficial: 6-207