Financial Help for Timber Businesses
Official: Timber Harvesters, Haulers, and Landowners Market Disruptions Relief Act
This bill helps timber harvesting and hauling businesses by providing financial support during market disruptions. It aims to stabilize these businesses when they face significant economic challenges.
1. This bill provides financial aid to businesses that harvest and transport timber. 2. The Secretary of Agriculture can declare a market disruption affecting these businesses. 3. Eligible businesses can apply for up to $20,000 in initial payments. 4. Additional payments may be available based on revenue losses for the following years. 5. State governors or forest service chiefs can request ongoing assistance for up to five years.
Timber harvesters, haulers, and landowners impacted by market changes.