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Requires annual public disclosure of recipients of federally subsidized crop, livestock, and forage insurance (except catastrophic-only policyholders) and certain private insurer financials; limits who may receive premium subsidies and how much. Sets an adjusted gross income eligibility cutoff ($250,000 average AGI) for premium payments for additional coverage, caps federal premium subsidy payments at $40,000 per person per reinsurance year, bans subsidies for harvest-price–based policies beginning in the 2027 reinsurance year, and places statutory limits on insurer returns and administrative reimbursements starting in 2027.
The bill aims to save taxpayer dollars, increase transparency, and target subsidies toward smaller operations, but does so in ways that raise privacy risks, increase compliance burdens, and may reduce insurance availability or raise costs for some farmers—especially those in high‑risk or marginal areas.
Taxpayers and the public gain clear annual disclosure of who receives federal crop/livestock/forage insurance subsidies and insurer program payments, improving transparency and helping deter fraud or abuse.
Low- and moderate-income farmers are more likely to receive limited crop insurance subsidy dollars because eligibility is restricted for higher-income recipients, and federal outlays for subsidies are capped, improving budget predictability for taxpayers.
Caps on insurer returns and on major program expenditure lines create clearer statutory standards and predictability for insurers, lenders, and taxpayers, which could slow subsidy growth and make long-term program costs more predictable.
Farmers and small agricultural businesses will have their names and subsidy amounts publicly reported, exposing them to privacy risks, reputational harm, and potential targeted scams or harassment.
Farmers in high‑risk or remote areas and many rural communities could lose access to affordable coverage if insurers raise premiums, cut offerings, or exit markets in response to caps on returns and program reimbursement limits.
Producers who rely on harvest-price–based insurance will lose federal premium subsidies beginning in 2027, raising their net premiums and potentially making those products unaffordable and leaving growers exposed to price risk at harvest.
Introduced March 26, 2026 by Jeanne Shaheen · Last progress March 26, 2026