Sponsors (2)
The bill creates a pathway to federally supported crop/revenue insurance for mushroom producers and adds oversight, which could reduce producers' financial risk and spur investment, but benefits may be delayed, raise program costs or premiums, and leave small or niche growers underrepresented.
Mushroom producers (farmers and small business owners) would gain potential access to crop or revenue insurance, lowering their financial risk from crop failures or market shocks and encouraging investment or expansion in mushroom production.
Congress and the public would receive improved oversight and transparency through a required report to House and Senate agriculture committees within one year, clarifying program development and timelines.
Taxpayers and growers could face higher costs if developing new insurance products raises administrative expenses for the Federal Crop Insurance Corporation, potentially leading to higher premiums or increased program costs.
Mushroom growers may not receive near-term protection because research and development of a new insurance product could take significant time before producing an actionable program.
Small or niche mushroom producers, especially in rural communities, risk having their needs underrepresented if R&D or contracting is structured in ways that favor larger producers or private contractors.
Based on analysis of 2 sections of legislative text.
Requires the Federal Crop Insurance Corporation to research and/or contract to develop an insurance policy covering mushroom production or revenue and report findings within one year.
Requires the Federal Crop Insurance Corporation to carry out research and development (or contract for it) to create an insurance product that covers mushroom production or revenue from mushroom production, and to submit a report to the House and Senate agriculture committees within one year describing the results and recommendations. The bill does not appropriate funds or set premium or coverage details; it directs the Corporation to study and propose an insurable policy for mushroom producers.
Introduced February 26, 2025 by John Karl Fetterman · Last progress February 26, 2025