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Increased Subsidies and Better Coverage for Federal Crop Insurance.

This Act increases financial support for farmers purchasing crop insurance, aiming to enhance agricultural risk management. The changes boost premium subsidy rates for comprehensive farm coverage and expand the maximum protection level available under the Supplemental Coverage Option (SCO). This makes it cheaper and easier for producers to protect their income against losses caused by poor yields or price drops.
Key points
Higher government subsidies for crop insurance premiums when farmers insure their entire operation (enterprise or whole farm units), reducing farmer costs.
The federal subsidy for the Supplemental Coverage Option (SCO) premium increases significantly from 65% to 80%.
The maximum coverage level available through the Supplemental Coverage Option (SCO) is raised from 86% to 90%.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_8350
Sponsor: Rep. Finstad, Brad [R-MN-1]
Process start date: 2024-05-10
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FARMER Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8350.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-05-10.

What are the main provisions?

Key points include:

  • Higher government subsidies for crop insurance premiums when farmers insure their entire operation (enterprise or whole farm units), reducing farmer costs.
  • The federal subsidy for the Supplemental Coverage Option (SCO) premium increases significantly from 65% to 80%.
  • The maximum coverage level available through the Supplemental Coverage Option (SCO) is raised from 86% to 90%.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Finstad, Brad [R-MN-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Agriculture