§ 2008f. — Crop insurance requirement.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC2008f]
TITLE 7--AGRICULTURE
CHAPTER 50--AGRICULTURAL CREDIT
SUBCHAPTER IV--ADMINISTRATIVE PROVISIONS
Sec. 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, Sec. 371, as added Pub. L. 103-354, title I,
Sec. 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.
