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$14 Billion Emergency Aid for Farmers Hit by 2023 Natural Disasters.

This Act allocates $14 billion in emergency funding to provide financial relief to farmers and agricultural producers who suffered losses in 2023 due to severe weather events like droughts, floods, and wildfires. The funds cover losses in crops, trees, vines, and livestock, aiming to stabilize agricultural production and the food supply chain. Producers receiving this aid must commit to purchasing crop insurance for the next two years.
Key points
$14 billion in immediate financial assistance for farmers who experienced crop or revenue losses due to extreme weather in 2023.
The aid covers various losses, including crops (milk, smoke-tainted grapes), trees, and specifically allocates $1.5 billion for livestock producers.
To qualify for full compensation (up to 90% of loss), producers must have crop insurance; those without insurance are limited to 70% of the loss.
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Additional Information
Print number: 118_HR_9889
Sponsor: Rep. Valadao, David G. [R-CA-22]
Process start date: 2024-09-27