Bill · H.R. 442· House(119-HR-442)
Quality Loss Adjustment Improvement for Farmers Act
- Introduced
- 1/15/2025
- Last activity
- 2/14/2025 — Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Sponsored by
- Julia Letlow
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Quality Loss Adjustment Improvement for Farmers Act," seeks to amend the Federal Crop Insurance Act. It modifies provisions regarding quality loss adjustment coverage. The bill establishes a periodic review process for the Corporation's quality loss adjustment procedures beginning in 2025. These reviews will occur every five years and must include engagement from diverse industry stakeholders. Additionally, the bill introduces regional discount factors for soybeans in certain circumstances.
Yes· 3 of 6
Would farmers be better off under this?+5
The bill provides more accurate quality loss adjustment through regional soybean discount factors and increased stakeholder engagement.
Does this make what the government does easier for the public to see?+4
The bill mandates periodic reviews and required reports to Congressional committees regarding quality loss adjustment procedures.
Would business owners be better off under this?+3
The bill introduces regional discount factors for soybean crops to better reflect market conditions for producers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Oversight and Review: The Corporation will be required to contract with a qualified person to conduct a review of quality loss adjustment procedures every five years starting in 2025 (Section 2, paragraph (1)(A)). This ensures that procedures are periodically evaluated.
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Stakeholder Inclusion: Each review must include engagement from regionally diverse industry stakeholders for every agricultural commodity offered (Section 2, paragraph (1)(B)). This allows industry voices to be heard during the review process.
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Transparency and Accountability: The Corporation must submit a report to the House and Senate Committees on Agriculture that describes review findings, any changes to procedures, and the stakeholder engagement conducted (Section 2, paragraph (1)(D)).
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Soybean Market Adjustments: For soybean crops, the Corporation will establish a State or regional discount factor to reflect average quality discounts applied to local or regional market prices during a covered declaration or a salvage market (Section 2, paragraph (7)(B)).
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly detailed in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Farmers+5Good For Business Owners+3Good For Rural Residents+2
- Governance And Ideology
- Improves Government Transparency+4
- Economy And Finance
- Improves Small Business Support+3
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+2
- 2/14/2025
- Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 1/15/2025
- Referred to the House Committee on Agriculture.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.