TEMP Act

This bill requires the Federal Crop Insurance Corporation to research and develop an index-based insurance policy protecting farmers against crop losses from frost or cold weather events. It directly affects farmers growing specific crops like tomatoes, peppers, citrus, and berries by potentially creating new coverage options for weather-related damage. The key mechanism mandates research evaluating risk tools for low-frequency cold events and developing a policy covering either production or revenue loss. The Corporation must report its findings and recommendations to Congress within one year of the bill's enactment.