Bill > HR3283

This bill, known as the Federal Agriculture Risk Management Enhancement and Resilience Act (FARMER Act), proposes several modifications to the Federal Crop Insurance Act to provide enhanced premium support for agricultural producers. Specifically, the bill introduces new premium support percentages for farm-based revenue and yield protection insurance plans when producers choose enterprise or whole farm units, offering 77% premium support for one coverage level and 68% for another. The legislation also adjusts the Supplemental Coverage Option (SCO) by reducing the minimum coverage level from 14% to 10%, increasing the maximum coverage level from 86% to 90%, and raising the premium subsidy from 65% to 80%. Additionally, the bill mandates a study by the Federal Crop Insurance Corporation to explore the feasibility of modifying SCO coverage for larger counties, examining options for coverage at levels between individual and countywide. This study would require a report to be submitted to agricultural committees in the Senate and House of Representatives within one year of the bill's enactment, detailing findings and potential recommendations for improving crop insurance coverage.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/3283/all-info