BBB Changes Will Benefit Beginning Farmers, RMA Says

A linchpin of the farm safety net, crop insurance, is now getting a makeover, because of the passage of the Big Beautiful Bill.  Increased premium supports, expanded coverage options, and, for beginning farmers and ranchers, extra support on top of the current 10% they now get for five years.

“With the new One Big Beautiful Bill that was passed, we are now able to extend those benefits for ten years instead of five," Risk Management Agency Administrator Pat Swanson said.  "The first two years, they’re going to get 15% additional support, and the third year, they get 13%, and the fourth year, 11%, and then the fifth year through the tenth year, they’ll have 10%, like they had before.” 

All Producers Benefit From the BBB

“We have additional premium support on optional units and basic units, which is, when you keep each field separate when it comes time to calculate the claims, and enterprise units, as well, will also get additional premium support,” Swanson said.

She added the improvements will be retroactive, effective on July 1st 2025, which is the start of the fiscal year in the in the crop insurance ‘world'.  Swanson said it’s also important for crop insurance agents, so they can have accurate quotes to make informed decisions for the fall.

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