Supporting Small Farmers for NC's Future Act.

HB 617 creates a $20 million grant program for North Carolina small farmers with gross income under $300,000, funding equipment (like harvest machinery), infrastructure (such as fencing), and cold storage. It also lowers the income threshold for farm sales tax exemption from $10,000 to $7,500 annually, expanding eligibility for tax relief. The bill directly affects small farmers meeting these income criteria by providing financial support through grants and reduced tax burdens. Grants require applications and prioritize those facing economic hardship, with funding allocated for specific purposes like equipment and the FarmsSHARE program.