Federal Crop Insurance Fairness Act

Federal Crop Insurance Fairness Act - Amends the Federal Crop Insurance Act with respect to crop insurance yield coverage to: (1) base coverage on a producer's crop yields for a commodity over four-to-ten crop years; (2) establish a minimum yield coverage floor of not less than entry level coverage; (3) limit transitional yield data use to not more than four years; and (4) permit the use of previous yield or transitional yield data for new land.

States that late planting coverage shall: (1) extend for up to 25 days after the final planting date; and (2) reduce yield guarantee by one percent per day for the first ten days and two percent per day for the next 15 days.

Includes prevented planting coverage (with substitute crop option) as part of the basic crop insurance policy. Provides 50 percent coverage for a natural disaster-caused prevented planting.

States that the insured producers shall not have their indemnity payment reduced because of a de minimis yield.