House advances bill to create Farm and Forestry Operations Security Fund, adds forestry and payment rules
S.60 would establish a Farm and Forestry Operations Security Special Fund to provide payments of up to 50% of uninsured losses for farms and forestry operations, with awards capped at $150,000 per application and 5% of funds appropriated per year; the House accepted appropriations committee amendments and ordered third reading.
The full story
Representative Bosclyde, the member from Westminster, reported on Senate Bill 60, a measure to create a Farm and Forestry Operations Security Special Fund administered by the Vermont Agency of Agriculture, Food, and Markets. The bill as presented would provide payments to farms and forestry operations that suffer losses from eligible weather conditions, with payments of up to 50% of uninsured losses and a per-application cap of $150,000. The presenter said payments would be capped at 5% of funds appropriated in a given year and eligible awards would be processed promptly, with a review board recommending awards and the secretary issuing payments within 15 days of recommendation.
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