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Crop Insurance for Future Farmers Act

2/5/2024, 11:45 AM

Summary of Bill HR 3904

Bill 118 hr 3904, also known as the Crop Insurance for Future Farmers Act, aims to provide support for young and beginning farmers in the United States by making improvements to the federal crop insurance program. The bill was introduced in the House of Representatives on September 10, 2021.

One of the key provisions of the bill is the establishment of a new pilot program within the Federal Crop Insurance Corporation that would provide premium discounts to young and beginning farmers. These discounts would help make crop insurance more affordable for new farmers, who often face financial challenges when starting out in the agriculture industry.

Additionally, the bill includes measures to improve outreach and education efforts to ensure that young and beginning farmers are aware of the crop insurance options available to them. This includes providing resources and information to help farmers understand the benefits of crop insurance and how to navigate the application process. Overall, the Crop Insurance for Future Farmers Act seeks to support the next generation of farmers in the United States by making crop insurance more accessible and affordable. By providing premium discounts and improving outreach efforts, the bill aims to help young and beginning farmers manage risk and protect their livelihoods in an increasingly volatile agricultural industry.

Current Status of Bill HR 3904

Bill HR 3904 is currently in the status of Bill Introduced since June 7, 2023. Bill HR 3904 was introduced during Congress 118 and was introduced to the House on June 7, 2023.  Bill HR 3904's most recent activity was Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. as of July 28, 2023

Bipartisan Support of Bill HR 3904

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
44
Democrat Cosponsors
20
Republican Cosponsors
24
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3904

Primary Policy Focus

Agriculture and Food

Potential Impact Areas

- Agricultural insurance
- Agricultural practices and innovations
- Agricultural prices, subsidies, credit

Alternate Title(s) of Bill HR 3904

Crop Insurance for Future Farmers Act
Crop Insurance for Future Farmers Act
To amend the Federal Crop Insurance Act to promote crop insurance support for beginning farmers and ranchers, and for other purposes.

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