Producers may keep up to 90 percent of revenue losses despite an uninsured share
What the document says“the Secretary shall allow producers to retain payments not to exceed 90 percent of the producer's revenue losses (as determined by the Secretary)”
Section 1207 amends the last proviso under a heading in title I of division N of the Consolidated Appropriations Act, 2023 (Public Law 117-328). The added words apply where the Secretary determines that a de minimis amount of a producer's revenue loss is attributable to crops the producer did not insure or cover under the Noninsured Crop Disaster Assistance Program under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333). Amounts repurposed under the section keep their emergency designation.
What the document actually says“the Secretary shall allow producers to retain payments not to exceed 90 percent of the producer's revenue losses (as determined by the Secretary)”
A farmer may keep up to 90 cents of each dollar lost. The Secretary works out the loss.
Some crops were not insured. That used to cut the payment. Now a small uninsured share does not.
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