NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.





F I S C A L I M P A C T R E P O R T





SPONSOR: Altamirano DATE TYPED: 01/28/01 HB
SHORT TITLE: Promotion & Marketing for Farmers' Markets SB 66
ANALYST: Gilbert


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02
$ 45.0 Recurring GF



(Parenthesis ( ) Indicate Expenditure Decreases)



Duplicates House Bill 65



SOURCES OF INFORMATION



LFC Files

Commission for Higher Education (CHE)

Department of Agriculture



SUMMARY



Synopsis of Bill



Senate Bill 66 appropriates $45.0 to New Mexico State University (NMSU) for the New Mexico Department of Agriculture to promote local farmers' markets throughout the state, to provide marketing and organizational assistance to new and developing markets, and to disseminate educational information about New Mexico agriculture to consumers.



Significant Issues



Currently, there are 28 Farmers' Markets in New Mexico. This appropriation is intended to benefit Farmers' Markets by allowing them to participate in numerous consumer promotions and to increase consumer awareness of the availability of fresh produce, vegetables, livestock products, greenhouse products, processed foods, and other goods produced in New Mexico.



According to the 1999 National Agricultural Statistics Service (NASS) survey, there are over 900 farmers participating and contributing to New Mexico Farmers' Market's annual sales of $1.4 million. Farmers' Markets stimulate rural economic development and provide a direct retail market for New Mexico small-scale farmers. With the implementation of the WIC/Farmers' Market

Nutrition Program, Farmers' Markets are experiencing additional growth. (Note: WIC/Farmers' Market Nutrition Program allows WIC clients to purchase fresh produce and products at Farmers' Markets.



FISCAL IMPLICATIONS



The appropriation of $45.0 contained in this bill is a recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of FY02 shall revert to the general fund.



LG/ar