FARMER Act

This legislation, titled the Federal Agriculture Risk Management Enhancement and Resilience Act, aims to strengthen federal support for crop insurance programs. It significantly increases the government's share of premium costs for certain individual farm-based revenue protection or yield protection plans when producers elect enterprise units or whole farm units, raising the premium support factor to 77 percent or 68 percent depending on the coverage level. The bill also enhances the Supplemental Coverage Option (SCO) by increasing its maximum coverage level from 86 percent to 90 percent. Furthermore, it substantially boosts the premium subsidy for SCO from 65 percent to 80 percent, making this additional layer of coverage more affordable for farmers. Finally, the Act directs the Federal Crop Insurance Corporation to conduct a study on the feasibility of modifying the Supplemental Coverage Option. This study will explore providing coverage for counties larger than 1,400 square miles at levels smaller than county-wide but greater than individual coverage, with a report and recommendations due to Congress within one year.