A bill to amend the Agricultural Credit Act of 1978 with respect to preagreement costs of emergency watershed protection measures, and for other purposes.

Bill 119 s 1107, also known as the Emergency Watershed Protection Cost Sharing Improvement Act of 2021, aims to make changes to the Agricultural Credit Act of 1978 in relation to the costs associated with emergency watershed protection measures.

The bill specifically focuses on preagreement costs, which are the expenses incurred before an agreement is officially reached for implementing these protection measures. The purpose of this legislation is to improve the cost-sharing arrangements for these preagreement costs, making it easier for farmers and landowners to access funding for emergency watershed protection projects.

In addition to addressing preagreement costs, the bill also includes provisions for other purposes related to emergency watershed protection measures. These measures are crucial for preventing and mitigating the impacts of natural disasters such as floods, wildfires, and hurricanes on agricultural lands and rural communities. Overall, Bill 119 s 1107 seeks to enhance the effectiveness and efficiency of emergency watershed protection efforts by streamlining the cost-sharing process and providing greater support for farmers and landowners in need of assistance.