Increased Support for Farmers: Crop Insurance, Diversification, and Climate Resilience
This Act increases financial and educational support for agricultural producers, helping them better manage risk and crop insurance. It raises the maximum payment limit to $200,000 over a 5-year period and significantly boosts program funding. The legislation emphasizes practices that improve soil health, develop sustainable water sources, and promote production diversification to mitigate financial losses from regional climate change impacts.
Key points
Increased Financial Cap: The maximum financial assistance limit for a producer is raised from $50,000 annually to $200,000 over any 5-year period.
Higher Program Funding: Annual funding for risk management and agricultural education programs increases from $10 million to $30 million.
Focus on Climate Resilience: Support is expanded to include specific conservation practices like soil health improvements, sustainable water development, and composting to reduce financial risk due to regional climate change impacts.
Diversification and Marketing Support: New assistance is introduced for production or marketing diversification, including organic farming, value-added processing, and food safety certification.
Improved Accessibility: Educational and technical assistance programs must now include language translation services.
Support for Insurers: Educational programs are expanded to include crop insurance providers, especially regarding insurance plans for diversified farms.
Expired
Additional Information
Print number: 118_S_795
Sponsor: Sen. Murphy, Christopher [D-CT]
Process start date: 2023-03-14