ENHANCING PRODUCER SELF-HELP THROUGH FARM FINANCIAL BENCHMARKING.

SEC. 11027. ENHANCING PRODUCER SELF-HELP THROUGH FARM FINANCIAL BENCHMARKING. (a) Definition.—Section 502(b) of the Federal Crop Insurance Act (7 U.S.C. 1502(b)) (as amended by section 11016(a)(1)) is amended— (1) by redesignating paragraphs (7) through (10) as paragraphs (8) through (11), respectively; and (2) by inserting after paragraph (6) the following: “(7) Farm financial benchmarking. The term ‘farm financial benchmarking’ means— “(A) the process of comparing the performance of an agricultural enterprise against the performance of other similar enterprises, through the use of comparable and reliable data, in order to identify business management strengths, weaknesses, and steps necessary to improve management performance and business profitability; and “(B) benchmarking of the type conducted by farm management and producer associations consistent with the activities described in or funded pursuant to section 1672D of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 5925f).” . (b) Partnerships for Risk Management for Producers of Specialty Crops and Underserved Agricultural Commodities.—Section 522(d)(3)(F) of the Federal Crop Insurance Act (7 U.S.C. 1522(d)(3)(F)) is amended by inserting “farm financial benchmarking,” after “management,”. (c) Crop Insurance Education and Risk Management Assistance.—Section 524(a) of the Federal Crop Insurance Act (7 U.S.C. 1524(a)) is amended— (1) in paragraph (3)(A), by inserting “farm financial benchmarking,” after “risk reduction,”; and (2) in paragraph (4), in the matter preceding subparagraph (A), by inserting “(including farm financial benchmarking)” after “management strategies”.