FARMER EQUITY/INNOVATION ACT

Creates the Farmer Equity and Innovation Act. Provides that, subject to appropriation by the General Assembly and approval by the University of Illinois Board of Trustees, creates the Farmer Equity and Innovation Center at the University of Illinois Extension. Provides that the Farmer Equity and Innovation Center shall: (1) ensure the continued economic viability of small-scale and moderate-scale diversified farms and ranches by creating a coordinated, statewide program to support the operators of those farms and ranches, prioritizing limited resource farmers and ranchers and socially disadvantaged farmers and ranchers; (2) establish a Farmer Equity and Innovation Program administered by the Center; (3) utilize the University of Illinois Small Farm Advisors, and require the University to increase its Small Farm Advisor positions to 6 in number; (4) include applied research on specified subjects concerning farming and ranching in Illinois, outreach regarding those subjects, and informational services on assistance provided by or through the Center or nonprofit organizations designated by the Center; (5) authorize the Program to include special training for new and beginning farmers and ranchers, with priority given to socially disadvantaged farmers and ranchers; and (6) conduct a study to determine and issue an annual report to the Governor and General Assembly containing a demographic breakdown of farmers and ranchers who participate in the Program.