FEDERAL CROP INSURANCE: REFORM ISSUES IN THE 106TH CONGRESS (CRS Report for Congress)
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| Release Date |
Revised Sept. 22, 2000 |
| Report Number |
IB10033 |
| Authors |
Ralph M. Chite, Resources, Science, and Industry Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
The Administration and Congress are in the midst of examining the efficacy of current farm risk management programs, most notably the federal crop insurance program, and are contemplating major legislative reforms. Driving this activity is the current economic condition of the farm sector (low commodity prices) and farmer discontent with some of the major modifications made by the 1996 farm bill to the farm commodity price support programs. On May 25, 2000, the House and Senate gave final approval to legislation (H.R. 2559) that will reduce significantly the farmer cost of acquiring a crop insurance policy. The President signed the measure on June 20, 2000(P.L. 106-224, the Agricultural Risk Protection Act of 2000).
