TEMP Act

Key Points

• Congress is directing the government to research and develop a new type of insurance to protect farmers from financial losses caused by frost and extreme cold weather.
• The study will focus on creating insurance for specific crops that are easily damaged by freezing temperatures, including citrus fruits, strawberries, peaches, blueberries, tomatoes, and peppers.
• The goal is to design a policy that pays farmers when they lose their harvest or see a drop in income due to cold weather events that happen rarely but cause major damage.
• Government experts must complete this research and submit a report with their recommendations to agricultural committees in Congress within one year.
• This policy aims to provide a better safety net for farmers who grow fruits and vegetables, helping them stay in business after natural disasters and potentially keeping food prices more stable for consumers.

Impact Analysis

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