S 1073
Crop Insurance for Future Farmers Act
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill, the Crop Insurance for Future Farmers Act, aims to support beginning and veteran farmers and ranchers by increasing the premium assistance provided through the federal crop insurance program. It modifies the eligibility requirements for these categories of farmers, extending the qualifying period from 5 to 10 crop years. Furthermore, the bill increases the amount of premium assistance provided during the reinsurance years, offering higher percentages for the first two years and gradually decreasing percentages for subsequent years.
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