Bill > HR3904

This bill, the Crop Insurance for Future Farmers Act, aims to amend the Federal Crop Insurance Act to promote crop insurance support for beginning farmers and ranchers. The key provisions of the bill are: 1. The definition of a "beginning farmer or rancher" is expanded from 5 crop years to 10 crop years of experience. 2. The bill increases the amount of crop insurance premium assistance provided to beginning farmers and ranchers. For the first and second reinsurance years, the assistance is increased by 15 percentage points. For the third year, it's increased by 13 percentage points, and for the fourth year, it's increased by 11 percentage points. From the fifth to tenth year, the assistance is increased by 10 percentage points. These changes are intended to provide more support and incentives for new and aspiring farmers and ranchers to obtain crop insurance coverage, which can help mitigate the financial risks they face in the early years of their farming or ranching operations.

Agriculture and Natural Resources

https://www.congress.gov/bill/118th-congress/house-bill/3904/all-info