II 

118TH CONGRESS 

2D SESSION S. 4081 

To amend the Federal Crop Insurance Act to provide premium support 

for certain plans of insurance, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

APRIL 9, 2024 

Mr. HOEVEN (for himself, Mr. BOOZMAN, Ms. ERNST, Mrs. FISCHER, Mr. 

GRASSLEY, Mrs. HYDE-SMITH, and Mr. MARSHALL) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry 

A BILL 

To amend the Federal Crop Insurance Act to provide premium support for certain plans of insurance, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Federal Agriculture 

5 Risk Management Enhancement and Resilience Act of 

6 2024’’ or the ‘‘FARMER Act of 2024’’. 


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•S 4081 IS

1 SEC. 2. PREMIUM SUPPORT FOR CERTAIN PLANS OF IN2 SURANCE. 

3 Section 508(e) of the Federal Crop Insurance Act of 

4 1938 (7 U.S.C. 1508(e)) is amended— 

5 (1) by redesignating paragraph (8) as para6 graph (9); 

7 (2) in paragraph (9) (as so redesignated) by 

8 striking ‘‘and (7)’’ and inserting ‘‘(7), and (8)’’; and 

9 (3) by inserting after paragraph (7) the fol10 lowing: 

11 ‘‘(8) PREMIUM SUPPORT FOR CERTAIN PLANS

12 OF INSURANCE.—Notwithstanding subparagraphs 

13 (F) and (G) of paragraph (2), in the case of an indi14 vidual farm-based revenue protection or yield protec15 tion plan of insurance, when a producer elects such 

16 a plan of insurance based upon enterprise units or 

17 whole farm units, the Corporation shall pay a part 

18 of the premium as provided under those subpara19 graphs except that the applicable factor shall be— 

20 ‘‘(A) 77 percent in the case of the coverage 

21 level described in paragraph (2)(F); and 

22 ‘‘(B) 68 percent in the case of the coverage 

23 level described in paragraph (2)(G).’’. 


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•S 4081 IS

1 SEC. 3. COVERAGE LEVEL AND PREMIUM SUBSIDY UNDER 

2 SUPPLEMENTAL COVERAGE OPTION. 

3 (a) COVERAGE LEVEL.—Section 508(c)(4)(C) of the 

4 Federal Crop Insurance Act (7 U.S.C. 1508(c)(4)(C)) is 

5 amended— 

6 (1) in clause (ii), by striking ‘‘14’’ and inserting 

7 ‘‘10’’; and 

8 (2) in clause (iii)(I) (iii)(I)), by striking ‘‘86’’ 

9 and inserting ‘‘90’’. 

10 (b) PREMIUM SUBSIDY.—Section 508(e)(2)(H)(i) of 

11 the Federal Crop Insurance Act (7 U.S.C. 

12 1508(e)(2)(H)(i)) is amended by striking ‘‘65’’ and insert13 ing ‘‘80’’. 

14 SEC. 4. STUDY. 

15 Section 522(c) of the Federal Crop Insurance Act (7 

16 U.S.C. 1522(c)) is amended by adding at the end the fol17 lowing: 

18 ‘‘(20) STUDY ON SUPPLEMENTAL COVERAGE

19 OPTION.— 

20 ‘‘(A) IN GENERAL.—The Corporation shall 

21 carry out a study, or offer to enter into 1 or 

22 more contracts with 1 or more qualified persons 

23 to carry out a study, to determine the feasibility 

24 of modifying the supplemental coverage option 

25 described in section 508(c)(4)(C) to provide 


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•S 4081 IS

1 coverage for counties larger than 1,400 square 

2 miles— 

3 ‘‘(i) at a level smaller than county4 wide; and 

5 ‘‘(ii) at a level greater than individual 

6 coverage. 

7 ‘‘(B) REPORT.—Not later than 1 year 

8 after the date of enactment of this paragraph, 

9 the Corporation shall submit to the Committee 

10 on Agriculture, Nutrition, and Forestry of the 

11 Senate and the Committee on Agriculture of 

12 the House of Representatives a report that de13 scribes— 

14 ‘‘(i) the results of the study carried 

15 out under subparagraph (A); and 

16 ‘‘(ii) any recommendations with re17 spect to those results.’’. 

Æ 


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