Alabama HB664: Agriculture; Family Farm Resilience and Revenue Stabilization Program establishment by Agriculture Commissioner required

What the bill says

A bill 24 TO BE ENTITLED 25 AN ACT 26 27 Relating to agriculture investment; to require the 28 Commissioner of Agriculture and Industries to establish the Page HB664 INTRODUCED 29 Family Farm Resilience and Revenue Stabilization Program to 30 provide funds to family farms during economic shock; to 31 establish the Family Farm Resilience Fund within the State 32 Treasury from which the commissioner shall administer the 33 program; to require the commissioner to annually report to the 34 Governor and Legislature funds distributed pursuant to the 35 program…

From the introduced text:

A BILL 24 TO BE ENTITLED 25 AN ACT 26 27 Relating to agriculture investment; to require the 28 Commissioner of Agriculture and Industries to establish the Page HB664 INTRODUCED 29 Family Farm Resilience and Revenue Stabilization Program to 30 provide funds to family farms during economic shock; to 31 establish the Family Farm Resilience Fund within the State 32 Treasury from which the commissioner shall administer the 33 program; to require the commissioner to annually report to the 34 Governor and Legislature funds distributed pursuant to the 35 program; and to require the department to adopt rules to 36 administer the program. 37 BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: 38 Section 1. This act shall be known and may be cited as 39 the Family Farm Resilience and Revenue Stabilization Act. 40 Section 2. For purposes of this act, the following 41 terms have the following meanings: 42 (1) ECONOMIC SHOCK. Any of the following: 43 a. A decline of 20 percent or more in the statewide 44 average price of a primary agricultural commodity within a 45 90-day period; b. Documented trade retaliation or export restriction 47 affecting a primary state commodity; c. A documented increase of 25 percent or more in core 49 agricultural input costs within a six-month period; or 50 d. A state …

Sponsors

• McCampbell, Artis 'A.J.' (D, HD-071) · primary sponsor
• Travis, Curtis (D, HD-072)