Bill > HR5633

This bill amends the Federal Crop Insurance Act to require the Federal Crop Insurance Corporation (FCIC) to conduct or contract research and development on harvest incentive policies that provide coverage for revenue losses. Specifically, the bill mandates that within two years of enactment, the FCIC must make available a new type of crop insurance policy that incentivizes farmers to maximize their harvest potential, even if current insurance regulations might discourage such efforts. The bill also requires the FCIC to submit a report to congressional agriculture and appropriations committees within one year, detailing the research findings and describing the new policy. This legislation aims to improve agricultural risk management by creating more flexible and potentially more beneficial crop insurance options that could help farmers mitigate financial risks associated with crop production and revenue fluctuations.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/5633/all-info