Bill > H4384

This bill establishes the South Carolina Farm Export Relief and Resilience Act, which creates a new state-level support system for agricultural producers facing international trade challenges. The legislation creates a South Carolina Farm Export Trade Relief Fund with an initial $10 million appropriation to provide grants and low-interest loans to farmers who have been negatively impacted by federal tariffs, trade disruptions, or export bans. Eligible farmers must demonstrate that a significant portion of their income comes from exports and that they have experienced a documented reduction in international market access. The Department of Agriculture is tasked with developing comprehensive support strategies, including partnering with regional trade offices to open new international markets, promoting value-added agricultural products, and hosting international trade delegations. Additionally, the bill requires the Department of Agriculture to collaborate with the Department of Insurance and Clemson University Cooperative Extension to develop enhanced crop insurance options, such as premium subsidies for export-dependent crops and coverage for price losses due to trade policy changes. The department must also provide an annual report to the General Assembly detailing fund disbursements, market development progress, and recommendations for future trade resilience strategies. The act will take effect upon the Governor's approval.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=4384&session=126&summary=B