Bill 119 s 231, also known as the Federal Crop Insurance Act Amendment, aims to give the Federal Crop Insurance Corporation the authority to conduct research and development on a single index insurance policy. This policy would provide farmers with a new option for crop insurance coverage.
The bill does not specify the details of the single index insurance policy, but it is intended to offer farmers a simpler and more efficient way to protect their crops from natural disasters and other risks. The research and development authorized by this bill will help determine the feasibility and effectiveness of such a policy.
In addition to authorizing research and development on the single index insurance policy, the bill also includes provisions for other purposes related to crop insurance. These additional purposes are not specified in the bill text, but they may include updates or improvements to existing crop insurance programs.
Overall, Bill 119 s 231 is focused on expanding options for crop insurance coverage for farmers and improving the efficiency of the Federal Crop Insurance Corporation. The research and development authorized by this bill will help inform future decisions about crop insurance policies and programs.