Bill
Bill > S4081
US S4081
US S4081FARMER Act of 2024 Federal Agriculture Risk Management Enhancement and Resilience Act of 2024
summary
Introduced
04/09/2024
04/09/2024
In Committee
04/09/2024
04/09/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Federal Crop Insurance Act to provide premium support for certain plans of insurance, and for other purposes.
AI Summary
This bill, the Federal Agriculture Risk Management Enhancement and Resilience Act of 2024 (FARMER Act of 2024), amends the Federal Crop Insurance Act to provide additional premium support for certain farm-based revenue protection or yield protection insurance plans. Specifically, it increases the premium subsidy for individual farm-based plans that use enterprise or whole-farm units from 77% to 68%. Additionally, the bill modifies the Supplemental Coverage Option (SCO) program by lowering the minimum coverage level from 14% to 10% and increasing the premium subsidy from 65% to 80%. The bill also directs the Federal Crop Insurance Corporation to study the feasibility of providing SCO coverage for counties larger than 1,400 square miles at a level smaller than countywide but greater than individual coverage.
Committee Categories
Agriculture and Natural Resources
Sponsors (8)
John Hoeven (R)*,
John Boozman (R),
Kevin Cramer (R),
Joni Ernst (R),
Deb Fischer (R),
Chuck Grassley (R),
Cindy Hyde-Smith (R),
Roger Marshall (R),
Last Action
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2669-2671) (on 04/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/4081/all-info |
| BillText | https://www.congress.gov/118/bills/s4081/BILLS-118s4081is.pdf |
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