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Quality Loss Adjustment Improvement for Farmers Act

USA119th CongressHR-442| House 
| Updated: 2/14/2025
Julia Letlow

Julia Letlow

Republican Representative

Louisiana

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill amends the Federal Crop Insurance Act to improve how quality losses are adjusted for farmers. It mandates that the Federal Crop Insurance Corporation conduct a periodic review of its quality loss adjustment procedures every five years, starting in 2025, with each review completed within one year. These reviews must include engagement from diverse industry stakeholders representing various agricultural commodities. Upon completion, a detailed report outlining findings, procedural changes, and stakeholder input must be submitted to the congressional agriculture committees. Furthermore, the bill introduces a new provision for regional discount factors for soybeans . In the event of a disaster declaration or a salvage market for soybeans, the Corporation is required to establish State or regional discount factors. These factors will reflect the average quality discounts applied to local or regional soybean market prices and must be included in the periodic reviews and reports.
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Timeline

Bill from Previous Congress

HR 118-8436
Quality Loss Adjustment Improvement for Farmers Act
Jan 15, 2025
Introduced in House
Jan 15, 2025
Referred to the House Committee on Agriculture.
Feb 14, 2025
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Mar 25, 2025

Latest Companion Bill Action

S 119-1117
Introduced in Senate
  • Bill from Previous Congress

    HR 118-8436
    Quality Loss Adjustment Improvement for Farmers Act


  • January 15, 2025
    Introduced in House


  • January 15, 2025
    Referred to the House Committee on Agriculture.


  • February 14, 2025
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.


  • March 25, 2025

    Latest Companion Bill Action

    S 119-1117
    Introduced in Senate

Agriculture and Food

Related Bills

  • S 119-1117: Quality Loss Adjustment Improvement for Farmers Act

Quality Loss Adjustment Improvement for Farmers Act

USA119th CongressHR-442| House 
| Updated: 2/14/2025
This bill amends the Federal Crop Insurance Act to improve how quality losses are adjusted for farmers. It mandates that the Federal Crop Insurance Corporation conduct a periodic review of its quality loss adjustment procedures every five years, starting in 2025, with each review completed within one year. These reviews must include engagement from diverse industry stakeholders representing various agricultural commodities. Upon completion, a detailed report outlining findings, procedural changes, and stakeholder input must be submitted to the congressional agriculture committees. Furthermore, the bill introduces a new provision for regional discount factors for soybeans . In the event of a disaster declaration or a salvage market for soybeans, the Corporation is required to establish State or regional discount factors. These factors will reflect the average quality discounts applied to local or regional soybean market prices and must be included in the periodic reviews and reports.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 118-8436
Quality Loss Adjustment Improvement for Farmers Act
Jan 15, 2025
Introduced in House
Jan 15, 2025
Referred to the House Committee on Agriculture.
Feb 14, 2025
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Mar 25, 2025

Latest Companion Bill Action

S 119-1117
Introduced in Senate
  • Bill from Previous Congress

    HR 118-8436
    Quality Loss Adjustment Improvement for Farmers Act


  • January 15, 2025
    Introduced in House


  • January 15, 2025
    Referred to the House Committee on Agriculture.


  • February 14, 2025
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.


  • March 25, 2025

    Latest Companion Bill Action

    S 119-1117
    Introduced in Senate
Julia Letlow

Julia Letlow

Republican Representative

Louisiana

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

Agriculture and Food

Related Bills

  • S 119-1117: Quality Loss Adjustment Improvement for Farmers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted