Crop Insurance for Future Farmers Act

This bill aims to make crop insurance more affordable for people just starting out in farming or ranching, and for veterans. It would let them qualify for “beginner” or “veteran” help for up to 10 crop years instead of 5, giving them more time to get established. To count as a beginning farmer or rancher, you must not have actively run a farm or ranch for more than 10 crop years. Veterans qualify if they haven’t run a farm or ranch for more than 10 crop years, or if they first became a veteran within the past 10 years .

The bill also boosts the extra premium discount these farmers get on their crop insurance. In simple terms, the added help would be larger in the first years and then step down over time: 15 percentage points in each of the first two years you’re in the program, 13 points in year three, 11 points in year four, and 10 points in years five through ten (these are counted by program years) .

• Who is affected: Beginning farmers and ranchers, and veteran farmers and ranchers.
• What changes: Eligibility lasts up to 10 crop years (not 5), and premium help is higher in early years, then steps down through year 10 .
• Day-to-day impact: Lower crop insurance costs for new and veteran producers during their first decade, helping them manage risk while getting established.