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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
- Extends the definition of "beginning farmer or rancher" from those with 5 years of farming experience to those with 10 years of experience.
- Extends the definition of "veteran farmer or rancher" by increasing the required farming history from 5 years to 10 crop years.
- Increases the federal crop insurance premium assistance for beginning and veteran farmers during their first ten years, with subsidies ranging from 15 percentage points in the first two years down to 10 percentage points in years 5-10.
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)
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Sen. Klobuchar, Amy (D-MN)
1 cosponsor
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Sen. Thune, John (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
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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