Quality Loss Adjustment Improvement for Farmers Act
Sponsored By: Representative Letlow, Julia [R-LA-5]
In Committee
Summary
This bill would create a formal, recurring review framework for Federal Crop Insurance Act quality loss adjustment procedures. It pairs five-year reviews starting in 2025 with new regional soybean discount factors and required stakeholder input.
Show full summary
- Farmers, especially soybean growers, would see State or regional discount factors after a disaster declaration or if a salvage market appears, so local quality discounts are reflected in market pricing.
- USDA and private crop-insurance providers would be subject to a periodic review cycle that must begin in calendar year 2025 and repeat every five years, with each review contracted to a qualified person and completed within one year, and future QLA changes tied to those reviews rather than a prior fixed trigger.
- Regional industry stakeholders would be engaged for each commodity during reviews, and the Corporation must report findings, procedure changes, and stakeholder engagement to the House and Senate Agriculture Committees after each review.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Regional soybean discounts after disasters
If a state or region has a USDA disaster or a President-declared disaster or emergency, the crop insurer would set a soybean discount for that area. The same would happen if a soybean salvage market occurs. The discount would reflect average local quality price cuts. This could raise or lower insurance payouts for soybean growers in those areas. Each discount would be reviewed and reported to Congress in the next periodic review.
Five-year crop quality reviews with farmer input
Starting in 2025, the crop insurer would hire a qualified reviewer every 5 years to examine quality loss rules. Each review would finish within one year. Reviews would include regionally diverse industry stakeholders for every crop that offers a quality loss adjustment. After each review, the insurer would report findings and any changes to the House and Senate agriculture committees. Actions on quality loss adjustments would be based on each completed review.
Sponsors & CoSponsors
Sponsor
Letlow, Julia [R-LA-5]
LA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov