Search Results: keywords:"quality loss adjustment"

  • H. R. 8436 — To amend the Federal Crop Insurance Act to modify a provision relating to quality loss adjustment coverage.
    Status:Introduced in House
    Words:699

    H.R. 8436, titled the “Quality Loss Adjustment Improvement for Farmers Act,” seeks to amend the Federal Crop Insurance Act to improve how quality loss adjustments are managed for crops. The bill mandates a periodic review of the quality loss adjustment procedures every five...

    Simple Explanation

    H.R. 8436 wants to make sure that when bad weather affects crops, the insurance reviews are fairer and happen every five years. It also tries to make special rules for soybean farmers so they get help that matches their local market conditions.

  • S. 4353 — To amend the Federal Crop Insurance Act to modify a provision relating to quality loss adjustment coverage.
    Status:Introduced in Senate
    Words:707

    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.