Relates to the produce security fund

Latest action Oct 16, 2025

Provides that any time the produce security fund exceeds six million dollars on the one hundred twentieth day prior to the commencement of the next licensing year, the commissioner of agriculture and markets shall suspend the collection of the security fund fee; makes related provisions.

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Where it stands

Signed into law.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A8420, the matching bill in the Assembly.

Passed as A8420, the matching Assembly bill.

Amends the Agriculture and Markets Law.

Committee

Agriculture · New York State Assembly

Also referred to Agriculture · New York State Senate, Rules · New York State Assembly, Rules · New York State Senate.

Purpose, from the sponsor's memo

The purpose of this bill is to increase the Producer Security Fund license fee collection cap from $4 million to $6 million to provide the same level of security to producers as provided by the current statutory cap when adjusted for inflation. It would also grant the Department of Agriculture and Markets (Department) the authority to continue collect- ing security fund licensing fees in the event the proposed cap of $6 million is reached in order to provide, when adjusted for inflation, the same level of protection intended by the Legislature.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Rules
Senate RulesJun 10, 2025Result: passed
(19) (0) (0) (2)
Vote: Floor vote
NY SenateJun 10, 2025Result: passedSenate vote on A8420, the matching Assembly bill.
(58) (0) (0) (5)

Cosponsors

Paula Kay and Tommy Schiavoni

Democratic2

See the full list on nysenate.gov

The sponsor's argument

Why Michelle Hinchey says this is needed

The purpose of the law, enacted in 1996, is to ensure that New York State farmers are paid fully and promptly in the event a dealer defaults in payment; and to prevent any unfair and fraudulent marketing prac- tices. The amount in the Security Fund is approaching $4 million, howev- er, when adjusted for inflation, the value of the security fund has been reduced to $2 million dollars. To provide the same level of security intended by the Legislature, the fund level before collection of fees would be suspended would need to reach $8 million. The proposed amend- ment maintains the same level of security for farmers that sell to licensed distributors provided in the original law when adjusted for inflation. It does not increase licensing fees, or the maximum security (bond) required of dealers so it does not impact the regulated communi- ty.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Oct 16, 2025
Signed
SIGNED CHAP.460
NY Assembly
Oct 9, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Assembly
Jun 10, 2025
3RD Reading CAL.1787
3RD READING CAL.1787
NY Senate
Jun 10, 2025
In committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
NY Senate
Jun 10, 2025
Passed a chamber
PASSED SENATE
NY Senate

Show full history (10 earlier events)

Jun 10, 2025
Substituted
SUBSTITUTED FOR S8243
NY Senate
Jun 6, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
Jun 6, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jun 6, 2025
Referred to committee
REFERRED TO RULES
NY Senate
Jun 6, 2025
Reported out of committee
REPORTED
NY Assembly
Jun 6, 2025
Rules Report CAL.469
RULES REPORT CAL.469
NY Assembly
Jun 4, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
May 27, 2025
Referred to committee
REFERRED TO AGRICULTURE
NY Senate
May 20, 2025
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
May 15, 2025
Referred to committee
REFERRED TO AGRICULTURE
NY Assembly

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 22, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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