SB 490 - In current law, "small farmer" is defined in the Family Farms Act as a farmer who is a Missouri resident and who has less than $250,000 in gross sales per year. This act changes the amount of gross sales to less than $500,000 per year.

The act repeals a provision that each small farmer is eligible for only one family farm livestock loan per family and for only one type of livestock.

Additionally, the maximum amount of the family farm livestock loan for each type of livestock under the act is as follows:

    Beef cattle: $150,000

    Dairy cattle: $150,000

    Swine: $70,000; and

    Sheep & goats: $60,000

This act is identical to HB 645 (2021), provisions contained in HCS/HB 601 (2021), and is similar to SB 868 (2020) and HB 2041 (2020).

JAMIE ANDREWS

Statutes affected:
Introduced (2260S.01): 348.500

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 490
Sponsor: Bernskoetter
Hearing Date: 3/8/2021


COMMITTEE: Agriculture, Food Production and Outdoor Resources

CHAIRMAN: Bernskoetter

DATE REFERRED: 3/4/2021 DATE HEARING REQUESTED: 3/4/2021



STAFF:
Jamie Andrews
Heidi Kolkmeyer
Matt Morris
Penny Mueller


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
John Bryan
Will Mefford
Tony Benz - MO-AG
Arnie C. AC "Honest-Abe" DIENOFF - State Public Advocate
Emily LeRoy - Missouri Department of Agriculture
Shannon Cooper - Missouri Cattlemen's Association
BJ Tanksley - Missouri Farm Bureau
Sandy Wankum - Farmer
Casey Wasser - Missouri Soybean Association
Samantha Davis - Missouri Corn Growers Association


WITNESSES AGAINST: