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Dairy Farm Support: Changes to Insurance Program

This act aims to strengthen the financial stability of dairy farms by modifying the insurance program. Farmers will be able to update their production data more frequently, allowing for better tailored insurance coverage. The production limit for lower premium rates has also been increased, which may reduce insurance costs for larger farms.
Key points
Dairy farmers will be able to update their production history every five years, instead of relying on data from 2011-2013. This means insurance will better reflect their current operations.
The limit for milk production covered by lower insurance rates has been increased from 5 million to 6 million pounds. This could reduce insurance costs for many dairy farms.
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Additional Information
Print number: 118_HR_4125
Sponsor: Rep. Molinaro, Marcus J. [R-NY-19]
Process start date: 2023-06-14