[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1073 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 1073

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 14, 2025

  Ms. Klobuchar (for herself and Mr. Thune) 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 promote crop insurance 
  support for beginning farmers and ranchers and veteran farmers and 
                   ranchers, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crop Insurance for Future Farmers 
Act''.

SEC. 2. CROP INSURANCE SUPPORT FOR BEGINNING FARMERS AND RANCHERS AND 
              VETERAN FARMERS AND RANCHERS.

    (a) Definition of Beginning Farmer or Rancher.--
            (1) In general.--Section 502(b)(3) of the Federal Crop 
        Insurance Act (7 U.S.C. 1502(b)(3)) is amended by striking 
        ``5'' and inserting ``10''.
            (2) Conforming amendment.--Section 522(c)(7) of the Federal 
        Crop Insurance Act (7 U.S.C. 1522(c)(7)) is amended by striking 
        subparagraph (F).
    (b) Definition of Veteran Farmer or Rancher.--Section 502(b)(14)(B) 
of the Federal Crop Insurance Act (7 U.S.C. 1502(b)(14)(B)) is 
amended--
            (1) in clause (ii), by striking ``5 years'' and inserting 
        ``10 crop years''; and
            (2) in clause (iii), by striking ``5-year'' and inserting 
        ``10-year''.
    (c) Increase in Assistance.--Section 508(e)(8) of the Federal Crop 
Insurance Act (7 U.S.C. 1508(e)(8)) is amended--
            (1) by striking ``Notwithstanding'' and inserting the 
        following:
                    ``(A) In general.--Notwithstanding'';
            (2) in subparagraph (A) (as so designated), by striking 
        ``is 10 percentage points greater than'' and inserting ``is the 
        number of percentage points specified in subparagraph (B) 
        greater than''; and
            (3) by adding at the end the following:
                    ``(B) Percentage points adjustments.--For purposes 
                of subparagraph (A), the percentage points specified in 
                this subparagraph are as follows:
                            ``(i) For each of the first and second 
                        reinsurance years that a beginning farmer or 
                        rancher or veteran farmer or rancher 
                        participates as a beginning farmer or rancher 
                        or veteran farmer or rancher, respectively, in 
                        the applicable policy or plan of insurance, 15 
                        percentage points.
                            ``(ii) For the third reinsurance year that 
                        a beginning farmer or rancher or veteran farmer 
                        or rancher participates as a beginning farmer 
                        or rancher or veteran farmer or rancher, 
                        respectively, in the applicable policy or plan 
                        of insurance, 13 percentage points.
                            ``(iii) For the fourth reinsurance year 
                        that a beginning farmer or rancher or veteran 
                        farmer or rancher participates as a beginning 
                        farmer or rancher or veteran farmer or rancher, 
                        respectively, in the applicable policy or plan 
                        of insurance, 11 percentage points.
                            ``(iv) For each of the fifth through tenth 
                        reinsurance years that a beginning farmer or 
                        rancher or veteran farmer or rancher 
                        participates as a beginning farmer or rancher 
                        or veteran farmer or rancher, respectively, in 
                        the applicable policy or plan of insurance, 10 
                        percentage points.''.
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