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Research Mandated for New Frost and Cold Weather Crop Insurance.

This law requires the government to research and develop a new type of crop insurance specifically designed to protect farmers against losses caused by frost or severe cold weather. The goal is to create a nationally available, index-based policy that helps producers of vulnerable crops (like citrus, strawberries, and tomatoes) financially recover from catastrophic production or revenue losses due to cold events. This measure aims to increase stability in the agricultural sector.
Key points
Mandates research and development of a new national insurance policy to cover sensitive crops against losses from frost or cold weather.
The new insurance must protect farmers against either production loss or revenue loss, aiming to stabilize the agricultural sector during extreme weather.
A report detailing the research results and implementation recommendations must be submitted within one year.
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Additional Information
TEMP Act of 2023
Print number: S 3253
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-11-08