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Crop Insurance for Future Farmers Act
To amend the Federal Crop Insurance Act to promote crop insurance support for beginning farmers and ranchers and veteran farmers and ranchers, and for other purposes.
Summary
This bill amends the Federal Crop Insurance Act to expand support for beginning and veteran farmers and ranchers. It extends the eligibility period for beginning farmers from five to ten years of farming experience and for veteran farmers from five to ten crop years. The bill increases crop insurance premium assistance rates for beginning and veteran farmers, providing 15 percentage points of additional assistance during the first and second years (increased from 10), then gradually decreasing to 10 percentage points by the fifth year and beyond. These changes aim to provide greater financial support to new and veteran farmers during their early years of operation.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Klobuchar, Amy [D-MN] (D-MN)
1 cosponsor
- Sen. Thune, John [R-SD] (R-SD)
Actions (2)
- Mar 14, 2025 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. · senate
- Mar 14, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
March 14, 2025
Ms. Klobuchar (for herself and Mr. Thune) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry
A BILL
To amend the Federal Crop Insurance Act to promote crop insurance support for beginning farmers and ranchers and veteran farmers and ranchers, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Crop Insurance for Future Farmers Act”.
SEC. 2. CROP INSURANCE SUPPORT FOR BEGINNING FARMERS AND RANCHERS AND VETERAN FARMERS AND RANCHERS.
(a) Definition of Beginning Farmer or Rancher.—
(1) In general.—Section 502(b)(3) of the Federal Crop Insurance Act (7 U.S.C. 1502(b)(3)) is amended by striking “5” and inserting “10”.
(2) Conforming amendment.—Section 522(c)(7) of the Federal Crop Insurance Act (7 U.S.C. 1522(c)(7)) is amended by striking subparagraph (F).
(b) Definition of Veteran Farmer or Rancher.—Section 502(b)(14)(B) of the Federal Crop Insurance Act (7 U.S.C. 1502(b)(14)(B)) is amended—
(1) in clause (ii), by striking “5 years” and inserting “10 crop years”; and
(2) in clause (iii), by striking “5-year” and inserting “10-year”.
(c) Increase in Assistance.—Section 508(e)(8) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)(8)) is amended—
(1) by striking “Notwithstanding” and inserting the following:
“(A) In general.—Notwithstanding”;
(2) in subparagraph (A) (as so designated), by striking “is 10 percentage points greater than” and inserting “is the number of percentage points specified in subparagraph (B) greater than”; and
(3) by adding at the end the following:
“(B) Percentage points adjustments.—For purposes of subparagraph (A), the percentage points specified in this subparagraph are as follows:
“(i) For each of the first and second reinsurance years that a beginning farmer or rancher or veteran farmer or rancher participates as a beginning farmer or rancher or veteran farmer or rancher, respectively, in the applicable policy or plan of insurance, 15 percentage points.
“(ii) For the third reinsurance year that a beginning farmer or rancher or veteran farmer or rancher participates as a beginning farmer or rancher or veteran farmer or rancher, respectively, in the applicable policy or plan of insurance, 13 percentage points.
“(iii) For the fourth reinsurance year that a beginning farmer or rancher or veteran farmer or rancher participates as a beginning farmer or rancher or veteran farmer or rancher, respectively, in the applicable policy or plan of insurance, 11 percentage points.
“(iv) For each of the fifth through tenth reinsurance years that a beginning farmer or rancher or veteran farmer or rancher participates as a beginning farmer or rancher or veteran farmer or rancher, respectively, in the applicable policy or plan of insurance, 10 percentage points.”. <all>
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