California Governor Jerry Brown signed Assembly Bill 1265 in mid July which establishes the Williamson Act in its revised form through 2016. The California Farm Bureau Federation provides details here. Short version is the county subventions have been removed and replaced with options for shorter contracts. Any increased revenues generated by properties under a new contract will be paid to the county.
This is great news for Kings, Madera, Merced, Mendocino, Shasta, Stanislaus, Tulare and Yolo counties who rely heavily on an agriculture production tax base. Beyond the counties and farming/ranching families anyone who enjoys California grown food should be pleased Governor Jerry Brown signed Assembly Bill 1265.