After the Senate Ag Committee reported a bipartisan farm bill to the full Senate by a near-unanimous vote on June 13, the Senate is expected to vote on it very soon. While the committee bill is positive, we do know of at least two harmful amendments that have been filed.
Durbin-Grassley Amendment #3103
Senator Grassley has joined forces with Senators Durbin (and Flake) on the amendment to impose AGI limits on crop insurance, and the amendment is being referred to as Durbin-Grassley. It’s amendment #3103 and can be viewed by clicking the link below. The intent is to reduce the premium subsidy by 15 points for insured’s with an AGI in excess of $700,000. This change would increase grower paid premium for those affected by up to 45%.
Durbin-Grassley AGI Limit Example: