Summary: H.R.5629 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.5629. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/26/2018)

President Trump's Farm Bill Reforms Act of 2018

This bill modifies several Department of Agriculture (USDA) programs to reduce farm subsidies and revise eligibility requirements.

The bill includes provisions that:

  • reduce crop insurance premium subsidies;
  • eliminate the separate payment limitation for peanuts;
  • terminate the use of commodity certificates to pay off marketing assistance loans;
  • eliminate crop insurance premium subsidies and payments under conservation and commodity programs for farms with annual adjusted gross incomes that exceed $500,000;
  • prohibit more than one person in a farming operation from qualifying as a farm manager actively engaged in farming for the purposes of receiving payments under USDA commodity programs; and
  • limit the average rate of return for private insurance companies participating in the Federal Crop Insurance Program to 12% of retained premiums.