HR 3107 · 112th Congress · Agriculture and Food
Crop Risk Options Plan Act of 2011
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on General Farm Commodities and Risk Management.(2011-10-14)
Plain Language Summary
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Crop Risk Options Plan Act of 2011 - Amends the Federal Crop Insurance Act to: (1) provide an agricultural producer with the option of purchasing additional crop insurance coverage (total coverage option) based on an area yield and loss basis instead of an individual yield and loss basis, (2) trigger additional coverage when area losses reach 10% of normal levels, (3) limit indemnities to the amount of the deductible under the underlying individual policy, and (4) set premium subsidies for the additional coverage at not less than 60%. Revises actual production history deteminations from a 10-year average to a 7-year average with the highest and lowest production year dropped from the average.…
Summarized by Claude AI · Non-partisan · For informational purposes only