Bill > HR5473

This bill amends the Agricultural Act of 2014 to establish a new mechanism for advance partial price loss coverage (PLC) payments for farmers in the 2025 crop year. Specifically, the bill allows the Secretary of Agriculture to provide farmers with an optional one-time partial payment of between 40% and 50% of their projected PLC payment for a covered commodity, based on national average market price projections. If the Secretary determines that such a payment will be required, farmers can choose to receive this advance partial payment, with the understanding that a subsequent payment will be made after the end of the marketing year to complete the total PLC payment. The bill also includes a provision allowing the Secretary to recover any erroneously made payments. The purpose of this bill appears to be providing farmers with earlier financial support and flexibility, helping them manage cash flow and financial planning during the agricultural year. The Secretary of Agriculture is required to issue implementing rules within 60 days of the bill's enactment.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/5473/all-info