DISTRESSED FARMERS ACT

Creates the Distressed Farmers Act. Provides that the Department of Agriculture shall, by rule, establish a grant program through which it provides (i) up to $5,000,000 for apprenticeships for individuals working in a direct or support capacity for a distressed farmer, (ii) up to $5,000,000 for distressed farmers for wells, and (iii) up to $10,000,000 for distressed farmers for certain other expenses. Amends the Illinois Income Tax Act. Provides for a distressed farmer credit for taxable years on or after January 1, 2027 in an amount of up to $50,000 in qualified farming expenses. Defines terms.