Corn Farmer Recovery Act - Phase I.

HB 296 establishes a $89.5 million program to provide financial assistance to North Carolina corn farmers who suffered crop losses due to 2024 disasters like drought and hurricanes in USDA-designated disaster counties. Farmers must verify losses using USDA forms or equivalent documentation within 45 days, with payments calculated using county yield averages and state price data. Funds can only be used for agricultural recovery expenses like replanting or equipment repair, and recipients must provide proof of eligible spending. The program builds on existing state disaster funds and requires strict documentation to prevent misuse, with potential audits and repayment for inaccurate claims.