Agriculture - As introduced, enacts the "Tennessee Agriculture Recovery and Investment in Family Farm (TARIFF) Relief Act," which creates a fund within the state treasury for the purpose of making grants to family farmers who have struggled with high input costs and market losses resulting from tariffs on agricultural goods, equipment, and machinery. - Amends TCA Title 9 and Title 43.

SB 2687 creates the Tennessee Agriculture Recovery and Investment in Family Farm (TARIFF) Relief Fund, a $130 million state fund to provide financial assistance to Tennessee family farmers. The bill directly affects family farmers who own or lease at least 15 acres of farmland, earned $1,500+ annually in agricultural income, and faced high input costs or market losses due to tariffs on agricultural goods or equipment. It authorizes grants of up to $10,000 per farmer to offset these tariff-related losses, with applications requiring proof of financial need. The fund, sourced from the state’s revenue fluctuation reserve, must be spent by June 2027, and misuse of funds would trigger penalties under Tennessee’s False Claims Act.