HR 442 119th Congress
Quality Loss Adjustment Improvement for Farmers Act
To amend the Federal Crop Insurance Act to modify a provision relating to quality loss adjustment coverage.
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Introduction Congress.gov
Introduced
Introduced in the House.
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Referred to the House Committee on Agriculture.
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Introduced in House
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Introduced in House
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Introduced in House
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Official action Congress.gov
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
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| Date and time | Record | Official detail | Source |
|---|---|---|---|
| IntroductionIntroduced | Introduced in the House. | Congress.gov | |
| Official actionReferred to the House Committee on Agriculture. | No additional detail supplied.IntroReferral · House floor actions · Code H11100 | Congress.gov | |
| Official actionIntroduced in House | No additional detail supplied.IntroReferral · Library of Congress · Code Intro-H | Congress.gov | |
| Official actionIntroduced in House | No additional detail supplied.IntroReferral · Library of Congress · Code 1000 | Congress.gov | |
| Text versionIntroduced in House | A dated text-version record is available. | Congress.gov | |
| Official actionReferred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. | No additional detail supplied.Committee · House committee actions · Code H11000 | Congress.gov |
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Congressional Research Service
CRS summary
Quality Loss Adjustment Improvement for Farmers ActThis bill directs the Federal Crop Insurance Corporation (FCIC) to review and revise quality loss adjustment coverage and provides for the establishment of a regional discount factor for soybeans, as needed.The FCIC is a government corporation that finances and administers the federal crop insurance program (FCIP) operations. Under the FCIP, farmers may purchase insurance coverage against financial losses caused by certain adverse growing and market conditions, including for quality losses. The federal government subsidizes the premiums that farmers pay for these insurance policies. The bill directs the FCIC to contract with a qualified entity to conduct a review at least once every five years of the quality loss adjustment procedures. Based on each review, the FCIC must make adjustments to the procedures. Each review must include engagement from regionally diverse industry stakeholders for each agricultural commodity for which a quality loss adjustment is offered.The bill also directs the FCIC, in certain circumstances, to establish a state or regional discount factor for soybeans to reflect the average quality discounts applied to the local or regional market prices of the soybean crop. The FCIC must take this action in the event of (1) specific emergency or disaster declarations for a state or region, or (2) the occurrence of a salvage market for soybeans in a state or region.
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Text versions
- Introduced in HouseJan 15, 2025