January 28, 2014  -  As the Agriculture Act of 2014 ("The Farm Bill") moves to a final vote in the House, the Food Safety Insurance Study remains in the Bill. This provision instructs the FCIC (Federal Crop Insurance Corporation) to fund the one-year study.

We post an excerpt from Section 11022 below:

SEC. 11022. RESEARCH AND DEVELOPMENT PRIORITIES.

 

(a) AUTHORITY TO CONDUCT RESEARCH AND DEVELOPMENT, PRIORITIES.—Section 522(c) of the Federal Crop Insurance Act (7 U.S.C. 1522(c)) is amended—

(7) by inserting after paragraph (16), the following:

 

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(23) STUDY OF FOOD SAFETY INSURANCE.—

(A) IN GENERAL.—The Corporation** shall offer to enter into a contract with 1 or more qualified entities to conduct a study to determine whether offering policies that provide coverage for specialty crops from food safety and contamination issues would benefit agricultural producers.

(B) SUBJECT.—The study described in subparagraph (A) shall evaluate policies and plans of insurance coverage that provide protection for production or revenue impacted by food safety concerns including, at a minimum, government, retail, or national consumer group announcements of a health advisory, removal, or recall related to a contamination concern.

(C) REPORT.—Not later than 1 year after the date of enactment of this paragraph the Corporation shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that describes the results of the study conducted under subparagraph (A).

 

  ** Federal Crop Insurance Corporation      RMA = Risk Management Agency