[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2458 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 2458

   To amend the Federal Crop Insurance Act to promote crop insurance 
  support for beginning farmers and ranchers, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 25, 2023

  Ms. Klobuchar (for herself and Mr. Thune) introduced the following 
      bill; which was read twice and referred to the Committee on 
                  Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
   To amend the Federal Crop Insurance Act to promote crop insurance 
  support for beginning farmers and ranchers, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crop Insurance for Future Farmers 
Act of 2023''.

SEC. 2. CROP INSURANCE SUPPORT FOR BEGINNING FARMERS AND RANCHERS.

    (a) Definition of Beginning Farmer or Rancher.--
            (1) In general.--Section 502(b)(3) of the Federal Crop 
        Insurance Act (7 U.S.C. 1502(b)(3)) is amended by striking 
        ``5'' and inserting ``10''.
            (2) Conforming amendment.--Section 522(c)(7) of the Federal 
        Crop Insurance Act (7 U.S.C. 1522(c)(7)) is amended by striking 
        subparagraph (F).
    (b) Increase in Assistance.--Section 508(e)(8) of the Federal Crop 
Insurance Act (7 U.S.C. 1508(e)(8)) is amended--
            (1) by striking ``Notwithstanding'' and inserting the 
        following:
                    ``(A) In general.--Notwithstanding'';
            (2) in subparagraph (A) (as so designated), by striking 
        ``is 10 percentage points greater than'' and inserting ``is the 
        amount of percentage points specified in subparagraph (B) 
        greater than''; and
            (3) by adding at the end the following:
                    ``(B) Percentage points adjustments.--The 
                percentage points referred to in subparagraph (A) are 
                the following:
                            ``(i) For each of the first and second 
                        reinsurance years that a beginning farmer or 
                        rancher participates as a beginning farmer or 
                        rancher in the applicable policy or plan of 
                        insurance, 15 percentage points.
                            ``(ii) For the third reinsurance year that 
                        a beginning farmer or rancher participates as a 
                        beginning farmer or rancher in the applicable 
                        policy or plan of insurance, 13 percentage 
                        points.
                            ``(iii) For the fourth reinsurance year 
                        that a beginning farmer or rancher participates 
                        as a beginning farmer or rancher in the 
                        applicable policy or plan of insurance, 11 
                        percentage points.
                            ``(iv) For each of the fifth through tenth 
                        reinsurance years that a beginning farmer or 
                        rancher participates as a beginning farmer or 
                        rancher in the applicable policy or plan of 
                        insurance, 10 percentage points.''.
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