AFFIRM Act of 2026

The AFFIRM Act of 2026 introduces several changes to the federal crop insurance program, primarily affecting farmers, insurance providers, and the federal government. The bill requires the USDA to publicly disclose information about who receives premium subsidies and how much in indemnities they receive, while exempting those with catastrophic risk protection plans. It also limits premium subsidies to individuals with adjusted gross income under $250,000 and caps annual premium payments at $40,000 per person. Additionally, the Act prohibits premium subsidies for harvest price policies starting in 2027 and sets an 8.9 percent cap on the average rate of return for crop insurance providers. The legislation also places a $900 million annual cap on administrative and operating expense reimbursements for insurance companies, with adjustments for inflation in subsequent years.