Sec. 301. Crop insurance
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Section 508(a)(3) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(a)(3) ) is amended— in subparagraph (A)(iii), by striking practices the first place it appears and all that follows through the period at the end and inserting practices. ; by redesignating subparagraphs
(B)and
(C)as subparagraphs
(C)and (D), respectively; and by inserting after subparagraph
(A)the following: For purposes of subparagraph (A)(iii), good farming practices include the following: Scientifically sound, sustainable, and organic farming practices, as determined by the Secretary. Conservation farming practices that are approved by— the Natural Resources Conservation Service; or an agricultural expert, as determined by the Secretary. . Section 508(d) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(d) ) is amended— by redesignating paragraph
(4)as paragraph (5); and by inserting after paragraph
(3)the following: Effective beginning with the 2022 reinsurance year, the Corporation may provide a risk-reduction-based premium discount for a producer of an agricultural commodity who uses risk-reduction farming practices, as determined by the Corporation. For purposes of subparagraph (A), risk-reduction farming practices may include the following: The use of cover crops. Resource-conserving crop rotations. Management-intensive rotational grazing. Composting. Other risk-reducing and soil health promoting farming practices as determined by the Corporation. . Section 508(o) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(o) ) is amended by striking paragraph (3). The amendment made by paragraph
(1)shall take effect on the first day of the first reinsurance year beginning at least 1 year after the date of the enactment of this Act.
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