HI HB508

Establishes a qualified feed developer grant program to reimburse feed developers for up to 50% of feed development costs, with grants capped at $200,000 per developer annually or $500,000 aggregate per year, and individual feed mill planning/construction grants limited to $750,000.

Creates a livestock revitalization program that reimburses qualified producers of milk, pork, eggs, poultry, beef, sheep, lamb, goats, and seafood for feed costs.

Requires the department of agriculture to conduct a survey identifying, assessing, and validating locally sourced feed ingredients available for feed development.

Authorizes cultivation of industrial hemp (cannabis with no more than 0.3% THC by dry weight) for research purposes by institutions of higher education, registered seed breeders, and growers of approved seed cultivars under board registration.

Appropriates unspecified amounts for the livestock revitalization program, local feed ingredient survey, and department of agriculture staffing to implement these programs, with funds not lapsing before June 30, 2017.