118th Congress · SENATE BILLBILL

S. 2458 — Crop Insurance for Future Farmers Act of 2023

“A bill to amend the Federal Crop Insurance Act to promote crop insurance support for beginning farmers and ranchers, and for other purposes.”

Agriculture and food

Introduced Jul 25, 2023

Last action Jul 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 25, 2023

Step 2

Referred

Jul 25, 2023

Agriculture, Nutrition, and Forestry

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill amends the federal crop insurance program (FCIP) to increase the premium assistance rate for beginning and veteran farmers or ranchers. Specifically, the bill amends the amount of percentage points that are added to the premium assistance rate for beginning and veteran farmers or ranchers for an applicable insurance policy or plan (currently 10 percentage points) to provide 15 percentage points in each of the 1st and 2nd reinsurance years,13 percentage points in the 3rd year,11 percentage points in the 4th year, and10 percentage points in each of the 5th through the 10th reinsurance years.The bill also amends the FCIP definition of beginning farmer or rancher to include a farmer...

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jul 25, 2023

Introduced in Senate

Jul 25, 2023

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.