A new legislative initiative in Vermont aims to bolster support for farmers facing financial hardships due to extreme weather events. The proposed Farm Security Special Fund, which has garnered unanimous approval from both the Senate and Appropriations Committee, is set to provide critical financial assistance to small-scale and diversified farms that often lack access to comprehensive insurance or federal relief programs.

The fund, established under 6 VSA chapter 207, will be administered by the Agency of Agriculture and is designed to offer grants covering up to 50% of uninsured losses, with a cap of $150,000 per farm per year. Eligible losses include destroyed crops, lost wages, debt payments, and costs associated with replanting and equipment repairs. The program is allocated $7.5 million from the general fund for fiscal year 2026, with the act set to take effect in July 2025.

Key to the fund's operation will be a review board composed of representatives from the Agency of Agriculture, the state chief recovery officer, agricultural organizations, and farmers. This board will evaluate applications and ensure a fair distribution of funds, with a commitment to process applications within 15 days.

The legislation responds to the increasing frequency of extreme weather events, such as flooding and drought, which have significantly impacted agricultural productivity in Vermont. By creating a state-administered safety net, the initiative aims to enhance the resilience of the state's agricultural sector and support farmers in navigating the financial challenges posed by climate-related disruptions.