How do crop insurance provisions in the 2014 Farm Bill help beginning farmers and ranchers?

The 2014 Farm Bill identified a “beginning farmer or rancher” as a farmer or rancher who has not actively operated and managed a farm or ranch with a bona fide insurable interest in a crop or livestock as an owner-operator, landlord, tenant or sharecropper for more than five crop years. To help encourage new producers to enter the agricultural sector and deal with the unique risks of farming, a beginning farmer will receive a premium discount that is 10 percentage points greater than would otherwise be available. In addition, the beginning farmer will receive the benefit of higher insurable yields.