Black Farmers and Socially Disadvantaged Farmers Increased Market Share Act

The Black Farmers and Socially Disadvantaged Farmers Increased Market Share Act creates a new grant program to support food hubs that increase market access for socially disadvantaged farmers and ranchers. The program provides competitive grants for food hubs to develop infrastructure, equipment, and marketing services, with priority given to projects benefiting underserved communities. The bill also establishes a 25% tax credit for businesses that purchase agricultural products from these food hubs and requires USDA to prioritize purchasing from socially disadvantaged farmers in domestic food assistance programs. These provisions aim to address historical barriers to market access for socially disadvantaged farmers by supporting their participation in food distribution systems.