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Fairer Crop Insurance: Improving Quality Loss Payments for Farmers.

This bill modifies federal crop insurance rules to ensure farmers receive fairer compensation when their crops suffer quality losses, especially after disasters. It mandates regular, independent reviews of the quality loss adjustment process, requiring input from diverse regional stakeholders. Crucially, it introduces specific regional discount factors for soybeans following a disaster, ensuring payouts accurately reflect local market price reductions.
Key points
Mandatory, five-yearly independent reviews of crop quality loss procedures, requiring input from farmers and industry experts across different regions.
Introduction of specific regional discount factors for soybeans after a disaster, ensuring insurance payments accurately reflect local market price reductions due to quality issues.
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Expired
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Additional Information
Print number: 118_S_4353
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2024-05-16
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Summarized by: gemini-flash-latest
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_S_4353.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-05-16.

What are the main provisions?

Key points include:

  • Mandatory, five-yearly independent reviews of crop quality loss procedures, requiring input from farmers and industry experts across different regions.
  • Introduction of specific regional discount factors for soybeans after a disaster, ensuring insurance payments accurately reflect local market price reductions due to quality issues.
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 Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Agriculture