S. 4353 aims to amend the Federal Crop Insurance Act by changing how quality loss adjustments are handled for crops. Under the proposed changes, there will be a periodic review of these procedures every five years starting in 2024, involving industry stakeholders. The bill also requires...
Simple Explanation
This bill wants to change the rules for how farmers are paid if their crops lose quality because of bad weather. It says that every five years, people will check to make sure the rules are fair, and they can also change how much soybeans cost if there's a big disaster.