1. Short title This Act may be cited as the Federal Agriculture Risk Management Enhancement and Resilience Act of 2024 or the FARMER Act of 2024 . 2. Premium support for certain plans of insurance Section 508(e) of the Federal Crop Insurance Act of 1938 ( 7 U.S.C. 1508(e) ) is amended— (1) by redesignating paragraph (8) as paragraph (9); (2) in paragraph (9) (as so redesignated) by striking and (7) and inserting (7), and (8) ; and (3) by inserting after paragraph (7) the following: (8) Premium support for certain plans of insurance Notwithstanding subparagraphs (F) and (G) of paragraph (2), in the case of an individual farm-based revenue protection or yield protection plan of insurance, when a producer elects such a plan of insurance based upon enterprise units or whole farm units, the Corporation shall pay a part of the premium as provided under those subparagraphs except that the applicable factor shall be— (A) 77 percent in the case of the coverage level described in paragraph (2)(F); and (B) 68 percent in the case of the coverage level described in paragraph (2)(G). . 3. Coverage level and premium subsidy under supplemental coverage option (a) Coverage level Section 508(c)(4)(C) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(c)(4)(C) ) is amended— (1) in clause (ii), by striking 14 and inserting 10