Advancing Agricultural Floodplain Management Act of 2012 - Directs the Administrator of the Federal Emergency Management Agency (FEMA) and the Secretary of Agriculture (USDA) to jointly establish a task force to analyze the challenges faced by agricultural areas and rural communities designated as having special flood hazards for purposes of the national flood insurance program.
Terminates the task force 120 days after it submits its report to Congress as required by this Act.