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 recent severe weather events have significantly impacted farms and that existing support programs are often difficult to access for smaller or diversified farming operations. The Fund aims to ensure food security, climate resilience, and the economic vitality of rural areas by providing a permanent source of relief for farmers affected by such emergencies.

The Fund will be administered by the Secretary of Agriculture, Food and Markets, and will consist of state appropriations, private contributions, and federal aid. Grants will reimburse farmers for up to 50% of their 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