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 and other climate-related disasters experienced in 2023 and 2024. The General Assembly recognizes the challenges faced by Vermont farmers, particularly those operating smaller or diversified farms that are often not covered by federal crop insurance. The Fund aims to maintain farm viability, ensure food security, and support rural economic vitality by providing a permanent source of relief for farmers impacted by climate emergencies.

The bill outlines the creation of a Farm Security Special Fund Review Board, which will oversee the distribution of grants. The Secretary of Agriculture, Food and Markets will administer the Fund, which 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 per farm. The application process is designed to be streamlined and accessible, ensuring that farmers can easily apply for assistance. The bill 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