Crop Insurance for Future Farmers Act
- Last Action
- 7/28/2023
Actions
- 2023-07-28Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 2023-06-07Referred to the House Committee on Agriculture.
- 2023-06-07Introduced in House
- 2023-06-07Introduced in House
CRS Summary
As of 2023-06-07 (00)
Crop Insurance for Future Farmers Act
This bill amends the federal crop insurance program (FCIP) to increase the premium assistance rate for beginning and veteran farmers or ranchers.
Specifically, the bill amends the amount of percentage points that are added to the premium assistance rate for beginning and veteran farmers or ranchers for an applicable insurance policy or plan (currently 10 percentage points) to provide
- 15 percentage points in each of the 1st and 2nd reinsurance years,
- 13 percentage points in the 3rd year,
- 11 percentage points in the 4th year, and
- 10 percentage points in each of the 5th through the 10th reinsurance years.
The bill also amends the FCIP definition of beginning farmer or rancher to include a farmer or rancher who has not actively operated and managed a farm or ranch for more than 10 crop years (currently more than 5 crop years).
Cosponsors (20)
- Angie Craig (D-MN)
- Jimmy Panetta (D-CA)
- Zachary Nunn (R-IA)
- Yadira Caraveo (D-CO)
- Don Bacon (R-NE)
- Lori Chavez-DeRemer (R-OR)
- Mariannette Miller-Meeks (R-IA)
- David Valadao (R-CA)
- Brad Finstad (R-MN)
- Kathy Manning (D-NC)
- James Baird (R-IN)
- Mike Bost (R-IL)
- Kat Cammack (R-FL)
- Pete Stauber (R-MN)
- Jill Tokuda (D-HI)
- Nikki Budzinski (D-IL)
- Jonathan Jackson (D-IL)
- Darin LaHood (R-IL)
- Eric Sorensen (D-IL)
- Chellie Pingree (D-ME)
Subjects
- Agricultural insurance
- Agricultural practices and innovations
- Agricultural prices, subsidies, credit
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.