Title 7 — Agriculture
Chapter 50 — Agricultural Credit
§ 2008f. Crop insurance requirement
Statutory text
In general
As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b), 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.
Applicable benefits
Subsection (a) shall apply to—
a farm ownership loan (FO) under section 1923 of this title;
an operating loan (OL) under section 1942 of this title; and
an emergency loan (EM) under section 1961 of this title.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Agricultural Act of 1961
Pub. L. 87–128 title III § 371 · 75 Stat. 294
Enacted · 7 U.S.C. § 2008f
(Pub. L. 87–128, title III, § 371, as added Pub. L. 103–354, title I, § 119(b), Oct. 13, 1994, 108 Stat. 3208.)
Source evidence
Code source credit
(Pub. L. 87–128, title III, § 371, as added Pub. L. 103–354, title I, § 119(b), Oct. 13, 1994, 108 Stat. 3208.)
0 of 1 references resolved to an enrolled provision · 1 partial
Statutory Notes and Related Subsidiaries
Effective Date
Section effective , 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 , 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.
Credits
(Pub. L. 87–128, title III, § 371, as added Pub. L. 103–354, title I, § 119(b), , 108 Stat. 3208.)