Bill > SB2625

This bill appropriates $6,100,000 from the General Revenue Fund to the Illinois Department of Agriculture to support the Crop Insurance Rebate Initiative, which aims to provide financial incentives for farmers to obtain crop insurance coverage on at least 1,000,000 acres of eligible agricultural land. The funding will help offset the costs of crop insurance for farmers, potentially reducing their financial risk in the event of crop losses due to factors like severe weather, pests, or other agricultural challenges. The bill will become effective on July 1, 2025, giving the Department of Agriculture time to set up and implement the rebate program. By providing these incentives, the state hopes to encourage more farmers to protect their agricultural investments through crop insurance, which can help stabilize the agricultural economy and support farmers' financial resilience.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2625&GAID=18&DocTypeID=SB&SessionID=114&GA=104