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VT S0060
Bill
AI Summary
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Establishes the Farm Security Special Fund to provide grants to Vermont farms that experience financial losses from eligible weather conditions including flooding, drought, extreme heat, high winds, hail, and abnormal freeze conditions
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Grants reimburse up to 50% of uninsured losses, with a maximum award of $150,000 per farm per year, and award amounts are based on the farm's net income relative to the statewide median
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Creates a seven-member Farm Security Special Fund Review Board, chaired by the Secretary of Agriculture, to evaluate applications and recommend grants within 15 days of receiving complete applications
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Appropriates $7,500,000 from the General Fund in fiscal year 2026 to implement the program
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Requires the Review Board to annually report documented farm losses to legislative committees and recommend improvements to the fund's effectiveness
Legislative Description
An act relating to establishing the Farm and Forestry Operations Security Special Fund to provide payments for farm and forestry opertaion losses due to weather conditions
Last Action
Senate Message: House proposal of amendment concurred in
3/12/2026