FARMER Act

HR 3283, the FARMER Act, directly affects farmers who purchase crop insurance under enterprise or whole farm units by increasing federal premium subsidies. It raises the government subsidy rate to 77% for higher coverage levels and 68% for lower coverage levels under specific revenue or yield protection plans. The bill also lowers the required coverage level from 14% to 10% and increases the premium subsidy rate from 65% to 80% for supplemental coverage. Additionally, it mandates a study on expanding supplemental coverage to larger counties, requiring a report to Congress within one year.