Establishes the Massachusetts Agriculture Relief Fund to assist farmers with losses due to force majeure events.
The bill creates the Massachusetts Agriculture Relief Fund to support farmers who have suffered agricultural losses, financial losses, or property damage caused by force majeure events. The fund will receive money from gifts, grants, donations, federal reimbursements, grants-in-aid, and appropriations. The state treasurer will manage the fund, ensuring investments are safe and yield the highest interest rate. The Department of Agricultural Resources can use the fund's money, and it will not revert to the General Fund at the end of the fiscal year.
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