Crop Insurance Enhancements

The newly-released farm bill text builds on the support for crop insurance in recent farm bills. It calls for the development of new policies for specialty crops and establishes a specialty crop policy advisory committee. The Risk Management Agency would be asked to create revenue policies for sugarbeets, certain oilseeds and pulse crops. The effectiveness of the current coverage penalty for late-planted corn would be evaluated. The Chairman’s Mark would also create a standing block grant authority for future disaster payments.