Bill > S2458

This bill, called the Crop Insurance for Future Farmers Act of 2023, 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. Extending the definition of a "beginning farmer or rancher" from 5 years to 10 years of farming experience, and removing a related conforming amendment. 2. Increasing the amount of assistance provided to beginning farmers and ranchers for their crop insurance policies. Specifically, the bill provides an additional 15 percentage points of assistance for the first and second years, 13 percentage points for the third year, 11 percentage points for the fourth year, and 10 percentage points for the fifth through tenth years that a farmer or rancher participates as a beginning farmer or rancher. The goal of these changes is to offer greater support and incentives for individuals who are new to the farming and ranching industry, helping them access and maintain affordable crop insurance coverage as they establish their operations.

Agriculture and Natural Resources

https://www.congress.gov/bill/118th-congress/senate-bill/2458/all-info