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The bill aims to reduce federal crop insurance costs and boost transparency, but does so by limiting subsidies and insurer returns and by making individual payments public — saving taxpayers while increasing costs, privacy loss, and market strain for many farmers and some insurers.
Taxpayers and the federal budget face lower and more predictable federal spending on crop insurance due to caps on per-person payments, AGI-based subsidy limits, and a national ceiling on A&O reimbursements.
Lower- and middle-income farm operators are more likely to receive targeted subsidy support because higher‑income individuals (AGI > $250,000) are excluded from receiving premium subsidies for additional coverage.
Annual public disclosure of crop insurance payments and indemnities increases transparency and enables public oversight, program evaluation, and fraud detection.
Many farmers — especially users of harvest‑price coverage, large operations that relied on reinsurance, and producers just above income thresholds — will likely face higher net premiums, lost premium subsidies, and greater income volatility.
Capping insurer returns and A&O reimbursements could reduce private insurer participation, prompt tighter underwriting, and shrink service/coverage options, making insurance less available or more restrictive for higher‑risk or smaller producers.
Public disclosure of individual payment and indemnity amounts causes privacy loss for farmers and ranchers by publishing their names and assistance amounts annually.
Based on analysis of 7 sections of legislative text.
Creates annual public reporting of federal crop insurance recipients and amounts, adds AGI and per-person subsidy caps, bans subsidies for harvest‑market‑priced policies, and caps insurer returns and admin reimbursements (many changes effective 2027).
Introduced March 26, 2026 by Jeanne Shaheen · Last progress March 26, 2026
Requires USDA to publish annually the names of individuals and entities that received federally subsidized crop, livestock, or forage insurance and the subsidy and indemnity amounts they received, and requires private insurers to report underwriting gains. It adds income and per-person limits on premium subsidies, bans subsidies for policies priced using actual market price at harvest starting in the 2027 reinsurance year, and limits insurer returns and total administrative reimbursements beginning in 2027. The bill also removes a specified provision from the Standard Reinsurance Agreement rules.