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Improving Crop Insurance Payouts for Farmers' Quality Losses.

This law modifies crop insurance rules to ensure farmers receive fairer compensation when crop quality declines due to disasters. It mandates regular, independent reviews of quality loss adjustment procedures, requiring input from farmers and industry experts. Crucially, it introduces regional discount factors for soybeans during disasters to accurately reflect the local market value loss.
Key points
Mandatory periodic reviews of quality loss adjustment procedures every 5 years, starting in 2024.
Requirement for engagement with regionally diverse industry stakeholders (farmers and experts) during each review process.
Establishment of State or regional discount factors for soybeans following a disaster declaration to ensure accurate insurance valuation of quality losses.
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Expired
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Additional Information
Print number: 118_HR_8436
Sponsor: Rep. Letlow, Julia [R-LA-5]
Process start date: 2024-05-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Quality Loss Adjustment Improvement for Farmers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8436.

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 2024-05-16.

What are the main provisions?

Key points include:

  • Mandatory periodic reviews of quality loss adjustment procedures every 5 years, starting in 2024.
  • Requirement for engagement with regionally diverse industry stakeholders (farmers and experts) during each review process.
  • Establishment of State or regional discount factors for soybeans following a disaster declaration to ensure accurate insurance valuation of quality losses.
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. Letlow, Julia [R-LA-5].

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