Crop Insurance for Future Farmers Act

HR 2117, the "Crop Insurance for Future Farmers Act," extends enhanced crop insurance support to beginning farmers and veteran farmers. It increases the definition of "beginning farmer" from 5 to 10 crop years and updates veteran farmer definitions similarly. The bill adds tiered premium reductions: for the first two years of participation, insurance costs are reduced by 15 percentage points each year, decreasing to 10 percentage points for years five through ten. This directly affects new and veteran farmers by lowering their insurance costs during early years of operation.