Leaders of the Senate Agriculture Committee have reached agreement on a farm bill (Agriculture Improvement Act of 2018) that would keep the 2014 farm law largely intact. The text of the
draft bill and a section-by-section summary are linked below. We've also identified some items of interest related to crop insurance in this bill:
Sec. 11105 Specialty crops
Amends the Federal Crop Insurance Act to require the FCIC manager and Board to review research and development of insurance for a new crop, expansion of existing insurance to additional counties or States, and research and development for a new policy or plan of insurance for crops with existing insurance.
Sec. 11109 Expansion of performance-based discount
Amends the Federal Crop Insurance Act to allow FCIC to offer discounts for practices that can be demonstrated to reduce risk.
Sec. 11113 Whole farm revenue agent incentives
Amends the Federal Crop Insurance Act to provide an additional reimbursement to an agent that sells a Whole Farm Revenue Policy in certain circumstances.
Sec. 11116 Submission of information to corporation
Amends the Federal Crop Insurance Act to require AIPs to submit the actual production history used to establish insurable yields to FCIC not later than 30 days after the applicable production reporting date for the crop to be insured.
Sec. 11120 Agricultural commodity
Amends the Federal Crop Insurance Act by adding hemp.
Sec. 11122 Research and development authority
Amends the Federal Crop Insurance Act by allowing FCIC to conduct activities or enter into contracts to carry out research and development to maintain or improve existing policies or develop new policies. Provides direction for the following priorities: effectiveness of whole farm plans, irrigated grain sorghum, limited irrigation, quality loss, citrus, greenhouses, hops, and local foods.
Majority Leader Mitch McConnell aims for Senate passage of the farm bill by the end of June. Congressional leaders want to enact the 2018 farm bill before the 2014 law expires on Sept. 30, less than four months away.