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Provide for reconciliation pursuant to title II of H. Con. Res. 14Section 10501 › Proposal

The extra help runs 5, 5, 3 and 1 percentage points over four years

To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10501, Sec. 10501. Written by .

The extra help runs 5, 5, 3 and 1 percentage points over four years

The document says “shall applyWho acts: Federal Crop Insurance CorporationHow: statuteSec. 10501 in the PDF
What the document says

“For each of the first and second reinsurance years that a beginning farmer or rancher participates as a beginning farmer or rancher in the applicable policy or plan of insurance, 5 percentage points.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10501

The section sets the addition at 5 percentage points for each of the first and second reinsurance years a beginning farmer or rancher takes part in the policy or plan of insurance, 3 percentage points for the third year, and 1 percentage point for the fourth.

What the document actually says

“For each of the first and second reinsurance years that a beginning farmer or rancher participates as a beginning farmer or rancher in the applicable policy or plan of insurance, 5 percentage points.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10501
That sentence, in plain words

In the first and second years the extra help is 5 points. That is counted from when the farmer joins the plan.

What this is about

The third year drops to 3 points. The fourth year drops to 1 point. After that there is no extra help.

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