FARMER Act of 2024
The FARMER Act of 2024 increases federal subsidies for crop insurance premiums for farm producers who select revenue and yield protection plans, raising the subsidy rate to 77% for one coverage level and 68% for another. It also boosts the premium subsidy for the supplemental coverage option from 65% to 80% and adjusts coverage levels for that option. Additionally, the bill requires a study to evaluate expanding the supplemental coverage to counties larger than 1,400 square miles at a level between individual and county-wide coverage, with a report to Congress due within one year. These changes directly affect farmers purchasing crop insurance under these specific plans.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 9, 2024
Last action Apr 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 9, 2024
Committee
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2669-2671)
upper
Apr 9, 2024
Introduced
Introduced in Senate
upper
1 primary · 7 co-sponsors
Sponsors
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