Agricultural Risk Protection Act of 2000
Requires plans to disclose premium amounts paid by the Federal Crop Insurance Corporation.
(Sec. 102) Establishes a premium schedule for other insurance plans based upon a percentage of the total premium used to define loss ratio and certain dollar amounts to be paid by the Corporation.
(Sec. 103) States that if the Corporation uses actual production history to determine insurable yields for a commodity, a producer may elect, in a crop year where the yield is below 60 percent of the transitional yield, to exclude and replace the recorded yield with 60 percent of the transitional yield.
Directs the Corporation to develop a methodology to adjust actual production history to reflect a producer's participation in effective pest control efforts.
(Sec. 104) Directs the Corporation to periodically review crop insurance plan rating methodologies, including area and commodity specific premium reductions.
(Sec. 105) Repeals authority for the cost of production risk protection and the assigned yield for new producer pilot programs.
Authorizes the Corporation to offer pilot programs: (1) on a regional, State, or national basis; and (2) on a three-year, renewable, basis. Provides for the expedited consideration of certain limited-scope pilot programs.
Directs the Corporation to conduct one or more livestock (cattle, sheep, swine, goats, poultry) pilot programs as of FY 2001, including the use of futures and options contracts and insurance plans. Sets forth specified fiscal year expenditure caps. Authorizes the use of Corporation insurance fund amounts for such programs.
(Sec. 106) Authorizes the Corporation to provide a cost of production price election under a production cost-based insurance plan.
(Sec. 107) Authorizes the Corporation to provide performance-based discounts to producers of a commodity with good insurance or production experience relative to other producers in the same area.
Authorizes a 20 percent premium discount in crop year 2000 to producers of wheat, barley, oats or rye whose crops have been subject to reduced prices due to scab or vomitoxin damage.
(Sec. 108) Directs the Corporation, as of crop year 2000, to offer an alternative risk protection coverage that indemnifies on an area yield and loss basis and provides, on a uniform national basis, a higher combination of yield and price protection.
(Sec. 109) Authorizes cooperatives and other nonprofit trade associations to pay catastrophic insurance fees on behalf of a consenting member of such association.
(Sec. 110) Provides with respect to prevented planting coverage, that: (1) a producer may elect out of coverage, with a corresponding premium reduction; (2) the Corporation shall offer an equal percentage of coverage for each commodity; (3) area-wide conditions shall be required for payment; and (4) substitute commodity planting shall be permitted, under specified conditions.
(Sec. 111) Amends the Federal Agriculture Improvement and Reform Act of 1996 to make noninsured crop disaster assistance available to only persons with adjusted gross incomes of $2 million dollars or less.
(Sec. 112) Amends the Federal Crop Insurance Act to direct the Corporation to enter into a contract by crop year 2000 to analyze its quality loss adjustment procedures and make adjustments to more accurately reflect local quality discounts applied to insured commodities.
Title II: Improving Program Efficiencies - Amends the Federal Crop Insurance Act to prohibit issuance of more than one insurance policy on the same acreage during a crop year unless such coverage is limited to catastrophic risk protection insurance, with an exception for areas with customary double-cropping practices.
(Sec. 202) Directs the Secretary of Agriculture to improve program compliance and integrity through development of plans to: (1) reconcile producer information received by the Corporation and the Farm Service Agency (FSA); and (2) use FSA field infrastructure to identify and eliminate waste and fraud. Provides for related Corporation consultation with State FSA committees.
(Sec. 203) Authorizes the Corporation to impose specified fines and program disqualifications upon an agent, producer, loss adjuster, insurance provider, or other person for willful and intentional false information provided with respect to an insurance plan or policy.
(Sec. 204) Provides for protection of confidential information, including application of specified (confidentiality) penalties under the Food Security Act of 1985.
(Sec. 205) Sets forth record keeping and reporting provisions.
(Sec. 206) Requires that any person who sells or solicits Federal Crop Insurance Act policies in a State be licensed in such State.
Title III: Administration - Amends the Federal Crop Insurance Act to revise the composition of the Corporation Board of Directors.
(Sec. 302) Directs the Corporation to reimburse applicants for research, development, and maintenance costs for insurance policies that are approved and offered for producer sale.
(Sec. 303) Directs the Corporation to contract: (1) with qualified parties to research and develop insurance policies for underserved commodities, including specialty crops; and (2) for one or more revenue coverage plans designed to maximize crop profits through market price fluctuations.
Prohibits the Corporation from conducting its own policy research and development.
Authorizes the Corporation to enter into partnership contracts with private and public entities for risk management development and implementation, whose objectives shall include the areas of: (1) weather notification; (2) pest management and fertilization; (3) crop and livestock techniques; (4) labor issues; and (5) fire prevention. Sets forth funding provisions.
(Sec. 304) Provides specified funding for research and development on specialty crops and under-served communities and authorizes appropriations for reimbursement for research development and maintenance costs.
(Sec. 305) Authorizes an approved insurance provider, university, or trade association or cooperative, or other person to submit a policy or plan for Board approval. States that if the Board does not approve or disapprove an application within 120 days, it shall be deemed approved.
(Sec. 306) Directs the Corporation to contract for rating insurance plans.
(Sec. 307) Provides for the electronic availability of crop insurance information.
(Sec. 308) Authorizes, as of FY 2001, the developer of a policy to receive a fee for such policy's use by another insurance provider.
(Sec. 309) States that scientifically sound sustainable and organic farming practices shall be considered good farming practices under the Federal Crop Insurance Act.
(Sec. 310) Adjusts provider reimbursement levels for loss adjustment under the catastrophic risk protection policy and for operating and administrative expenses for additional levels of coverage.
Authorizes the Corporation to renegotiate the Standard Reinsurance Agreement.
Became Public Law No: 106-224.