Extends crop insurance coverage under the Federal Crop Insurance Act to producers of any commodity in any county of the United States. Allows a producer to insure up to two-thirds of his crop.
Sets the bases on which the Board of the Federal Crop Insurance Corporation will establish premiums. Directs the Corporation to pay one-half of the premium on the insurance purchased by a producer under this Act. Limits, generally, such special insurance to commodities which produce an important part of the total agricultural income of the county.
Repeals the $12,000,000 ceiling on the authorized administrative appropriations for the Corporation.
Introduced in Senate
Referred to Senate Committee on Agriculture and Forestry (Subsequently: Agriculture, Nutrition and Forestry).
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