Study on livestock risk protection policy with respect to producers of feeder cattle affected by adverse weather events

(a) In general The Secretary shall conduct a study on potential modifications to the livestock risk protection policy offered under section 523(b) of the Federal Crop Insurance Act (7 U.S.C. 1523(b)) to improve the flexibility of such policy with respect to producers of feeder cattle affected by adverse weather events, as determined by the Secretary, including drought and wildfires. (b) Contents In conducting the study under this section, the Secretary shall, with respect to producers of feeder cattle, evaluate— (1) any impact drought, wildfire, and other adverse weather events have on decisions made by such producers related to the marketing of feeder cattle; (2) in the case an adverse weather event occurs more than 60 days prior to the end date of a specific coverage endorsement under the livestock risk protection policy described in subsection (a), whether the requirements or endorsement structures of such policy (as in effect on the date of enactment of this section) cause such producers not to market feeder cattle so as to avoid a penalty under such policy; (3) any option to provide additional flexibility or an exemption to such producers that market feeder cattle more than 60 days prior to such end date due to an adverse weather event; and (4) any other recommendation to improve the effectiveness of such policy for such producers. (c) Report Not later than 1 year after the date of enactment of this section, the Secretary shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing the findings of the study.