Federal Crop Insurance Act of 1979

Summary

Federal Crop Insurance Act of 1979 - Amends the Federal Crop Insurance Act to increase the capital stock of the Federal Crop Insurance Corporation from $200,000,000 to $500,000,000. Directs the Secretary of the Treasury to cancel, without consideration, receipts for payments for or on account of the stock of the Corporation outstanding on the date of enactment of this Act, and states that such receipts shall cease to be liabilities of the Corporation. Requires the Secretary of Agriculture to appoint two policyholding active farmers, from different geographic areas of the United States, who are not otherwise employed by the Federal Government, to the Corporation's Board of Directors. Increases the maximum compensation of Board members not otherwise employed by the Government to no greater than the daily rate for GS-18. Removes State court jurisdiction and grants exclusive jurisdiction to Federal district courts of all suits brought by or against the Corporation. Authorizes the Corporation to conduct pilot projects relating to specified agriculture-related risks and losses. Authorizes the Board of Directors to use private insurance companies in the administration of the Federal crop insurance program. Requires the Corporation: (1) to offer other levels of yield coverage, other than the standard one, to be selected at the option of each producer; and (2) to offer insurance coverages to individual farmers based on the actual production history for the farm. Refuses coverage of losses due to the failure of the producer to follow approved conservation practices. Requires the Corporation to pay 30 percent of each producer's premium, as calculated on any coverage up to a maximum of 65 percent of the recorded or appraised average yield. Repeals: (1) the authority of the Secretary to appoint advisory committees; and (2) the requirement that the Corporation post a list of indemnities paid for farm losses at each county courthouse. Authorizes the Corporation to: (1) reinsure insurers, including private insurance companies or pools of such companies, and any State, territorial, or local governmental entity, which insure producers of any agricultural commodity under an acceptable plan; and (2) offer separate protection against specific risks such as prevented planting, wildlife depredation, tree damage and disease, and insect infestation. Removes the $12,000,000 ceiling on annual appropriations. Grants the Corporation discretionary emergency borrowing authority. Expands crop insurance coverage to include tomatoes, grain sorghum, sunflowers, raisins, oranges, sweet corn, dry peas, freezing and canning peas, forage, apples, grapes, potatoes, and excluding livestock and stored grain. Amends the Food and Agriculture Act of 1977 to extend to the 1980 and 1981 crops of wheat, feed grains, upland cotton, and rice the farm and prevented planting disaster payment programs effective for the 1978 and 1979 crops. Denies eligibility for such payments to anyone in any county in which Federal crop insurance is generally offered for the agricultural commodity concerned.

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Documents

3 official files

• Laid on table in House

  summary · EN · 13 February 1980

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 13 September 1979

  Open at official source

• Introduced in House

  summary · EN · 16 May 1979

  Open at official source

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