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Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Introduced January 23, 2025 by Peter Welch · Last progress January 23, 2025
Creates a new single-index crop insurance product: the Federal Crop Insurance Corporation must research and develop (or contract for) a single-index insurance policy that protects agricultural income losses tied to specified weather conditions. The law sets required design considerations, requires consultation with stakeholders, and requires a public report on the research and proposed product within one year of enactment. A minor technical amendment to another provision of the Federal Crop Insurance Act is also included.