Sponsors
The bill tightens oversight, reduces certain subsidies, and caps insurer compensation to lower federal costs and improve predictability—benefiting taxpayers and smaller farmers—but raises privacy concerns, increases costs or volatility for some producers, adds administrative complexity, and risks reduced private insurer participation that could limit coverage options.
Taxpayers and the public gain transparency into who received federal crop insurance subsidies and how much was paid, improving oversight and helping detect fraud or excessive private insurer underwriting gains.
The bill places limits and a predictable, inflation‑indexed ceiling on insurer compensation and A&O reimbursements, which should constrain excessive administrative payments, improve budget predictability for the Federal Crop Insurance Program, and incentivize greater efficiency.
Farmers with adjusted gross income under $250,000 retain premium subsidy eligibility and FCIC payments are capped at $40,000 per person per year, preserving support for smaller operations and potentially freeing funds for broader program needs.
Individual farmers (especially small producers) risk privacy, reputational harms, targeting, or competitive disadvantages if subsidy and indemnity amounts are published with their names.
New disclosure rules, AGI tests, payment caps, the harvest‑price subsidy ban, and statutory deletions create substantial administrative, verification, and legal implementation burdens and costs for USDA/RMA, private insurers, and program administrators.
Higher‑earning farmers and some mid‑sized operations will lose or see reduced premium subsidy support (AGI threshold and the $40,000 cap), increasing their insurance costs.
Based on analysis of 7 sections of legislative text.
Expands public disclosure of subsidized crop insurance recipients, limits subsidies for higher‑income producers, bans subsidies for harvest‑price policies, and caps insurer returns and reimbursements.
Introduced March 26, 2026 by Jeanne Shaheen · Last progress March 26, 2026
Requires public annual disclosure of most federally subsidized crop, livestock, and forage insurance recipients and the federal subsidies they receive, tightens income limits and per-person caps on FCIC premium subsidy payments for additional coverage, bans federal subsidies for harvest-price–based insurance policies beginning with the 2027 reinsurance year, and places numerical caps on insurer returns and on total reimbursements for administrative and operating (A&O) costs. These changes reduce confidentiality for many policyholders, limit subsidy eligibility for higher-income producers, lower allowable industry profit and A&O reimbursement levels, and change which types of crop insurance policies the federal government will subsidize starting in 2027. The measures affect farmers, private crop insurance companies, the Risk Management Agency/FCIC, and federal budgetary outlays for the crop insurance program.