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Crop Insurance for Future Farmers Act of 2023

USA118th CongressS-2458| Senate 
| Updated: 7/25/2023
Amy Klobuchar

Amy Klobuchar

Democratic Senator

Minnesota

Cosponsors (5)
Jon Ossoff (Democratic)Jerry Moran (Republican)Laphonza R. Butler (Democratic)John Thune (Republican)Tina Smith (Democratic)

Agriculture, Nutrition, and Forestry Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Crop Insurance for Future Farmers Act of 2023 This bill amends the federal crop insurance program (FCIP) to increase the premium assistance rate for beginning and veteran farmers or ranchers. Specifically, the bill amends the amount of percentage points that are added to the premium assistance rate for beginning and veteran farmers or ranchers for an applicable insurance policy or plan (currently 10 percentage points) to provide 15 percentage points in each of the 1st and 2nd reinsurance years, 13 percentage points in the 3rd year, 11 percentage points in the 4th year, and 10 percentage points in each of the 5th through the 10th reinsurance years. The bill also amends the FCIP definition of beginning farmer or rancher to include a farmer or rancher who has not actively operated and managed a farm or ranch for more than 10 crop years (currently more than 5 crop years).
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Timeline
Jul 25, 2023
Introduced in Senate
Jul 25, 2023
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jul 28, 2023

Latest Companion Bill Action

HR 118-3904
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • July 25, 2023
    Introduced in Senate


  • July 25, 2023
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.


  • July 28, 2023

    Latest Companion Bill Action

    HR 118-3904
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Agriculture and Food

Related Bills

  • HR 118-3904: Crop Insurance for Future Farmers Act

Crop Insurance for Future Farmers Act of 2023

USA118th CongressS-2458| Senate 
| Updated: 7/25/2023
Crop Insurance for Future Farmers Act of 2023 This bill amends the federal crop insurance program (FCIP) to increase the premium assistance rate for beginning and veteran farmers or ranchers. Specifically, the bill amends the amount of percentage points that are added to the premium assistance rate for beginning and veteran farmers or ranchers for an applicable insurance policy or plan (currently 10 percentage points) to provide 15 percentage points in each of the 1st and 2nd reinsurance years, 13 percentage points in the 3rd year, 11 percentage points in the 4th year, and 10 percentage points in each of the 5th through the 10th reinsurance years. The bill also amends the FCIP definition of beginning farmer or rancher to include a farmer or rancher who has not actively operated and managed a farm or ranch for more than 10 crop years (currently more than 5 crop years).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 25, 2023
Introduced in Senate
Jul 25, 2023
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jul 28, 2023

Latest Companion Bill Action

HR 118-3904
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • July 25, 2023
    Introduced in Senate


  • July 25, 2023
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.


  • July 28, 2023

    Latest Companion Bill Action

    HR 118-3904
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Amy Klobuchar

Amy Klobuchar

Democratic Senator

Minnesota

Cosponsors (5)
Jon Ossoff (Democratic)Jerry Moran (Republican)Laphonza R. Butler (Democratic)John Thune (Republican)Tina Smith (Democratic)

Agriculture, Nutrition, and Forestry Committee

Agriculture and Food

Related Bills

  • HR 118-3904: Crop Insurance for Future Farmers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted