Establishes the Farm Security Special Fund to provide grants for Vermont farms that experienced losses due to weather conditions.
Vermont S0060 establishes the Farm Security Special Fund to provide financial assistance to farms that experienced qualifying losses due to weather conditions. The fund will reimburse up to 50% of uninsured losses, up to $150,000 per farm per year. The Secretary of Agriculture, Food and Markets will award grants based on the annual net income of the farm. The fund will be managed by a Review Board, which will review applications and recommend grant recipients. The fund will be financed by state appropriations, public and private donations, and federal aid.
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