Bill · S. 1073· Senate(119-S-1073)
Crop Insurance for Future Farmers Act
- Introduced
- 3/14/2025
- Last activity
- 3/14/2025 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Amy Klobuchar
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The "Crop Insurance for Future Farmers Act" seeks to amend the Federal Crop Insurance Act. The bill aims to promote crop insurance support specifically for beginning farmers and ranchers, as well as veteran farmers and ranchers. It changes the definition of a beginning farmer or rancher from 5 to 10 years. It also updates the definition for veteran farmers and ranchers to reflect a 10-year period. Additionally, the bill implements a graduated scale for increasing assistance levels over several reinsurance years.
Yes· 3 of 6
Would farmers be better off under this?+8
The bill greatly enhances financial security for beginning and veteran farmers through increased crop insurance assistance.
Would veterans be better off under this, taking everything together?+7
The bill expands the definition and assistance duration for veteran farmers and ranchers.
Would business owners be better off under this?+6
The bill provides significant insurance subsidies for farmers and ranchers starting their careers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Extended Support for Beginning Farmers and Ranchers: By changing the definition from 5 to 10 years, these individuals receive status as a beginning farmer or rancher for a longer period (Section 2(a)(1)).
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Extended Support for Veteran Farmers and Ranchers: The bill updates the period for veteran farmers and ranchers from 5 years to 10 crop years (Section 2(b)).
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Increased Assistance for New Participants: The bill provides a higher level of assistance for the first two reinsurance years of participation, offering 15 percentage points of assistance (Section 2(c)(1) and (2)).
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Graduated Financial Support: Assistance levels are adjusted over time, providing 13 percentage points in the third year, 11 percentage points in the fourth year, and 10 percentage points for the fifth through tenth years (Section 2(c)(2)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated 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+8Good For Veterans+7Good For Business Owners+6Good For Rural Residents+5
- Economy And Finance
- Improves Small Business Support+5
- Environment Energy And Infrastructure
- Improves Rural Development+5
- 3/14/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
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.
John ThuneRepublican · South Dakota