Quality Loss Adjustment Improvement for Farmers Act amends the Federal Crop Insurance Act to modify quality loss adjustment coverage.
The Quality Loss Adjustment Improvement for Farmers Act amends the Federal Crop Insurance Act to modify quality loss adjustment coverage. It mandates periodic reviews of quality loss adjustment procedures, beginning in 2025 and every five years thereafter. These reviews must be completed within one year of commencement and include engagement from regionally diverse industry stakeholders. The bill also requires the establishment of state or regional discount factors for soybeans in the event of a covered declaration or a salvage market occurrence.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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