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Fairer Crop Insurance: Support for Small Farms and New Farmers

This act aims to revise how insurance agents are compensated for selling crop and livestock insurance. The changes are designed to ensure fairer treatment for farmers, regardless of farm size, and increase transparency in insurance data. This could lead to better access to insurance for small farms and new farmers.
Key points
Establishes minimum and maximum compensation amounts for insurance agents to ensure a more equitable distribution of payments.
Introduces additional bonuses for agents insuring small farms, specialty crops, and first-time crop insurance buyers.
Increases transparency by making data on agent compensation publicly available, helping to understand how agricultural insurance works.
Requires analysis of the changes' impact on farmer and agent choices to prevent attempts to undermine the new rules.
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Status:
Expired
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Additional Information
Print number: 118_HR_4804
Sponsor: Rep. Salinas, Andrea [D-OR-6]
Process start date: 2023-07-20