H.R. 442 — Quality Loss Adjustment Improvement for Farmers Act

This section amends the quality loss adjustment procedures under sec. 508(m) of the Federal Crop Insurance Act, which determine reductions in insured crop value due to quality deficiencies (e.g., excess moisture or damage from weather). (1) Revises paragraph (3) to require the Federal Crop Insurance Corporation to contract for periodic reviews beginning in calendar year 2025 and every five years thereafter (replacing prior one-time review effective by 2004 reinsurance year), including regionally diverse stakeholder engagement for covered commodities and reports to the Senate and House Agriculture Committees on findings, changes, and engagement; and (2) adds paragraph (7) requiring the Corporation, following a covered declaration (i.e., Secretary of Agriculture disaster declaration, presidential major disaster under 42 U.S.C. 5170, or presidential emergency under 42 U.S.C. 5191) or soybean salvage market in a state or region, to establish a state or regional discount factor reflecting average quality discounts in local or regional soybean market prices, with such factors incorporated into periodic reviews and reports.