Whole farm revenue protection

Section 522(c) of the Federal Crop Insurance Act (7 U.S.C. 1522(c)) is amended— (1) in paragraph (1)— (A) in subparagraph (B), by striking and at the end; (B) in subparagraph (C), by striking the period at the end and inserting; and; and (C) by adding at the end the following: (D) increase participation by producers— (i) marketing direct-to-consumers; (ii) marketing through intermediated sales in local and regional markets; (iii) using farm identity-preserved marketing; or (iv) undertaking producer education on how to use direct market prices.; (2) in paragraph (7)— (A) in subparagraph (A), by striking, with a liability limitation of $1,500,000,; (B) in subparagraph (B), by inserting or in combination with after in lieu of; (C) in subparagraph (C)— (i) in the matter preceding clause (i), by striking may and inserting shall; (ii) in clause (i), by striking or at the end; (iii) by redesignating clause (ii) as clause (iii); and (iv) by inserting after clause (i) the following: (ii) utilize a resource-conserving crop rotation (as defined in section 1240L(d)(1) of the Food Security Act of 1985 (16 U.S.C. 3839aa–24(d)(1))); or; (D) in subparagraph (D), by striking may and inserting shall; (E) in subparagraph (E)— (i) in clause (i), in the matter preceding subclause (I), by striking 18 months after the date of enactment of the Agriculture Improvement Act of 2018 and inserting 1 year after the date of the enactment of the Save Our Small Farms Act of 2025; (ii) in clause (ii), in the matter preceding subclause (I), by striking subclause and inserting clause; and (iii) by adding at the end the following: (iii) Additional review Not later than 1 year after the date of the enactment of the Save Our Small Farms Act of 2025, and annually thereafter, the Corporation shall— (I) review any limitations on insurable revenue (including the overall limitation and limitations specific to animals, animal products, greenhouse and nursery, and aquaculture) to ensure the limitations are adequate to cover the financial risks associated with the production of high-value agricultural products; and (II) submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that includes a summary of the most recent review conducted under subclause (I) and any expected changes to the policy for the following reinsurance year. (iv) Public report Not later than 18 months after the date of the enactment of the Save Our Small Farms Act of 2025, the Board shall make publicly available a report describing the decisions made by the Board with respect to each factor described in clause (ii).; (F) by redesignating subparagraph (F) as subparagraph (G); and (G) by inserting after subparagraph (E) the following: (F) Modifications to improve effectiveness for specialty crops and diversified farms (i) In general Not later than 18 months after the date of the enactment of the Save Our Small Farms Act of 2025, the Corporation shall implement the following modifications to the plan developed under subparagraph (A): (I) Establish that appropriate income reported on Internal Revenue Service Tax Form Schedule F (or a successor form), shall be sufficient for the establishment of historical adjusted revenue, subject to the condition that approved insurance providers may request additional verifiable records in cases where there is documented evidence, made clear to the applicant, that farm tax records are incomplete. (II) Presume that declines in total market price are due to unavoidable natural causes, unless the Corporation demonstrates the extent to which the decline in lower market price is the direct result of an uninsured manmade event. (III) Require that any adjustment of the revenue guarantee by an approved insurance provider, after the approved insurance provider accepts a revised farm operation report from the insured, is contingent on approval from the Risk Management Agency, and allow the insured an opportunity to appeal any denial by the Risk Management Agency of that revenue guarantee adjustment to the National Appeals Division. (IV) With respect to whole farm revenue protection policies, raise the limit on growth expansion for all producers to the lower of— (aa) 100 percent of historic revenue; and (bb) $500,000. (V) In the case of a rejection of an application from a producer for a whole farm insurance plan, the approved insurance provider involved shall notify the producer of such rejection, and include in such notification a written rationale with sufficient detail for the producer to understand any deficiencies in the application and how to cure those deficiencies. (VI) Expand the maximum commodity count eligible for the diversification-based premium discount under subparagraph (C) to apply to 10 commodities produced. The Secretary may raise that maximum commodity count eligible for the diversification-based premium discount to include more than 10 commodities if determined necessary. (VII) Moderate the impact of disaster years, as determined by the Secretary, on historic revenue by— (aa) counting indemnities as historic revenue for loss years, including payments made under the noninsured crop disaster assistance program established by section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333); or (bb) using an assigned yield floor similar to the limitation described in section 508(g)(6)(A)(i), as determined by the Secretary. (VIII) Allow prices and yields used to establish coverage in other Federal crop insurance policies to be used as prices and yields for whole farm revenue protection policies. (IX) Establish a process for records and acreage reports submitted by producers for the noninsured crop disaster assistance program established by section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333) to be accepted as documentation for the requisite actual production history for whole farm revenue protection policies. (X) Increase agent incentives to market whole farm revenue protection by— (aa) providing annual additional administrative and operating subsidies, at a rate determined by the Secretary, to approved insurance providers for any new whole farm revenue policies written in a given year; and (bb) with respect to a whole farm revenue protection policy, requiring approved insurance providers to pay to the agent who sold that policy an amount equal to the total administrative and operating subsidy earned on that policy. (XI) Require approved insurance providers to accept or reject applications, by written decision, within 75 days of receipt of the application, with failure resulting in a reduction by 15 percent of the amount of the administrative and operating subsidy that the approved insurance provider receives from the Corporation for that policy. (ii) Administrative improvements Not later than 18 months after the date of the enactment of the Save Our Small Farms Act of 2025, for purposes of improving the plan developed under subparagraph (A), the Corporation shall carry out the following activities: (I) Create and maintain a web-accessible tool for producers to locate agents experienced in selling a whole farm revenue protection policy. (II) Provide additional educational and training opportunities to approved insurance providers and insurance agents, which may include entering into agreements with 1 or more entities— (aa) to provide technical assistance to interested producers; (bb) to conduct education and outreach to agents and insurance providers; and (cc) to develop best practices for underwriting. (III) Conduct a pilot program to create a pricing library for agents and insurance providers, also accessible to the public and entities that provide technical assistance to farmers using data from— (aa) the Agricultural Marketing Service; (bb) the noninsured crop disaster assistance program established by section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333); (cc) approved policies of the Board; (dd) land-grant colleges or universities and other institutions of higher education; (ee) grower boards or commissions; and (ff) other relevant sources, as determined by the Secretary. (iii) Availability of pricing library The Risk Management Agency may, as determined by the Secretary, offer the pricing library described in item (aa) to agents and insurance providers in connection with policies other than policies developed under subparagraph (A). (iv) Public report Not later than 18 months after the date of the enactment of the Save Our Small Farms Act of 2025, the Board shall make publicly available a report describing the decisions made by the Board with respect to each modification described in clauses (i) and (ii).; and (3) in paragraph (18), by adding at the end the following: (D) Continuation of plan The Administrator of the Risk Management Agency shall continue to offer the micro farm insurance plan offered pursuant to subparagraph (A)(ii) in all States and counties of the United States. (E) Modifications to improve effectiveness for micro farms Not later than 180 days after the date of the enactment of the Save Our Small Farms Act of 2025, the Corporation shall implement the following modifications to the micro farm insurance plan offered pursuant to subparagraph (A)(ii): (i) Allow vertically integrated operations to access coverage under a micro farm policy. (ii) Allow producers with a micro farm policy to also purchase crop-specific Federal crop insurance policies for crops insured under the micro farm policy. (iii) Expand the maximum approved revenue to establish eligibility for a micro farm plan of insurance to $1,000,000 or more, as determined by the Secretary..