The bill proposes a legislative management study during the 2025-26 interim to explore the creation of a farm safety insurance discount program. This program would allow farmers and ranchers to complete a safety course in order to qualify for a discount on their insurance premiums related to their agricultural operations. The study will focus on developing a proposed safety course, determining a feasible discount amount, and establishing eligibility requirements for participants. Input will be gathered from various stakeholders, including the insurance commissioner, agriculture commissioner, North Dakota State University Extension Service, and relevant insurance agencies.

The findings and recommendations from this study, along with any necessary legislation for implementation, will be reported to the seventieth legislative assembly. The bill emphasizes the importance of agricultural safety and aims to incentivize farmers and ranchers to engage in safety training, potentially leading to reduced insurance costs and enhanced safety practices within the industry.