FARMER Act

This bill increases federal premium support for certain crop insurance plans used by farmers. It raises the subsidy rate to 77% for lower coverage levels and 68% for higher coverage levels under enterprise or whole-farm revenue/yield protection plans (previously 70% and 65%). It also adjusts coverage requirements, reducing the minimum supplemental coverage level from 14% to 10% and increasing the maximum from 86% to 90%, while raising the premium subsidy for this option from 65% to 80%. Additionally, it mandates a study to evaluate expanding supplemental coverage to larger counties with specific coverage tiers, requiring a report to Congress within one year.