AFFIRM Act of 2026

The Assisting Family Farmers through Insurance Reform Measures (AFFIRM) Act of 2026 aims to overhaul the federal crop insurance program to reduce government spending and prioritize smaller farming operations. Currently, the federal government subsidizes a significant portion of crop insurance premiums for farmers regardless of their income or the size of their business. This bill would introduce a $40,000 annual cap on the total amount of premium subsidies an individual or entity can receive. Additionally, it proposes to eliminate these subsidies entirely for individuals or legal entities with an average adjusted gross income exceeding $250,000.

Beyond individual subsidy limits, the legislation seeks to reduce the financial burden on taxpayers by lowering the payments made to private insurance companies. It proposes to cap the government's reimbursement for the administrative and operating costs of these insurers and lower their target rate of return. The bill also aims to increase transparency by requiring the Department of Agriculture to publicly disclose the identities of individuals and entities receiving subsidies, as well as the specific amounts they receive.