U.S. Code, Title 7, Agriculture

Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 2008f. Crop Insurance Requirement

(a) In general

     As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b) of this section, a borrower must obtain at least catastrophic risk protection insurance coverage under section 1508 of this title for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation.

(b) Applicable benefits

     Subsection (a) of this section shall apply to—

     (1) a farm ownership loan (FO) under section 1923 of this title;

     (2) an operating loan (OL) under section 1942 of this title; and

     (3) an emergency loan (EM) under section 1961 of this title.

(Pub. L. 87–128, title III, § 371, as added Pub. L. 103–354, title I, § 119(b), Oct. 13, 1994, 108 Stat. 3208.)

Effective Date

     Section effective Oct. 13, 1994, and applicable to provision of crop insurance under Federal Crop Insurance Act (7 U.S.C. 1501 et seq.) beginning with 1995 crop year, with such Act, as in effect on the day before Oct. 13, 1994, to continue to apply with respect to 1994 crop year, see section 120 of Pub. L. 103–354, set out as an Effective Date of 1994 Amendment note under section 1502 of this title.

Section Referred to in Other Sections

     This section is referred to in section 1508 of this title.