STATE MEAT PROCESSOR ASSISTANCE GRANTS

HB 150 appropriates $3 million from the general fund to the New Mexico Department of Agriculture through New Mexico State University's Board of Regents. The funds provide grants to state meat processors to help them adapt to new technologies, address market changes, reduce regulatory burdens, and improve efficiency in meat production. These grants are available for fiscal years 2026 through 2029, with any unspent funds reverting to the general fund by the end of 2029. The bill directly affects meat processors in New Mexico facing economic and operational challenges.