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7 U.S.C. § 2008g — Crop insurance requirement

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 2008g — 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), a borrower must obtain at least catastrophic risk protection insurance coverage under [section 1508 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1508&num=0&edition=prelim) 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) shall apply to— (1) a farm ownership loan (FO) under [section 1923 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1923&num=0&edition=prelim); (2) an operating loan (OL) under [section 1942 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1942&num=0&edition=prelim); and (3) an emergency loan (EM) under [section 1961 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1961&num=0&edition=prelim).

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Source file: Laws/federal/codes/united-states-code/title-7/section-2008g-crop-insurance-requirement--9935b5c7cd.md
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Source location: Title 7, Chapter 50, § 2008g; chapter-050-agricultural-credit.md

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1923 — Persons eligible for real estate loans

**(a) In general** (1) **Eligibility requirements** — The Secretary may make and insure loans under this subchapter to farmers and ranchers in the United States, and to farm cooperatives and private domestic corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities as the Secretary considers appropriate, that are controlled by farmers and ranchers and engaged primarily and directly in farming or ranching in the United States, subject to the conditions specified in this section. To be eligible for such loans, applicants who are individuals, or, in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities, individuals holding a majority interest in such entity, must (A) be citizens of the United States, (B) for direct loans only, have either training or farming experience that the Secretary determines is sufficient to assure reasonable prospects of success in the proposed farming operations, taking into consideration all farming experience of the applicant, without regard to any lapse between farming experiences, (C) be or will become owner-operators of not larger than family farms (or in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities in which a majority interest is held by individuals who are related by blood or marriage, as defined by the Secretary, such individuals must be or will become either owners or operators of not larger than a family farm and at least one such individual must be or will become an operator of not larger than a family farm or, in the case of holders of the entire interest who are related by blood or marriage and all of wh

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1508 — Crop insurance

**(a) Authority to offer insurance** (1) **In general** — If sufficient actuarial data are available (as determined by the Corporation), the Corporation may insure, or provide reinsurance for insurers of, producers of agricultural commodities grown in the United States under 1 or more plans of insurance determined by the Corporation to be adapted to the agricultural commodity concerned. To qualify for coverage under a plan of insurance, the losses of the insured commodity must be due to drought, flood, or other natural disaster (as determined by the Secretary). (2) **Period** — Except in the cases of tobacco, potatoes, sweet potatoes, and hemp, insurance shall not extend beyond the period during which the insured commodity is in the field. As used in the preceding sentence, in the case of an aquacultural species, the term “field” means the environment in which the commodity is produced. (3) **Exclusion of losses due to certain actions of producer** (A) *Exclusions* — Insurance provided under this subsection shall not cover losses due to— (i) the neglect or malfeasance of the producer; (ii) the failure of the producer to reseed to the same crop in such areas and under such circumstances as it is customary to reseed; or (iii) the failure of the producer to follow good farming practices, including scientifically sound sustainable and organic farming practices. (B) *Good farming practices determination review* (i) *Informal administrative process* — A producer shall have the right to a review of a determination regarding good farming practices made under subparagraph (A)(iii) in accordance with an informal administrative process to be established by the Corporation. (ii) *Administrative review* (I) *No adverse decision* — The determi

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1502 — Purpose; definitions; protection of information; relation to other laws

**(a) Purpose** It is the purpose of this subchapter to promote the national welfare by improving the economic stability of agriculture through a sound system of crop insurance and providing the means for the research and experience helpful in devising and establishing such insurance. **(b) Definitions** As used in this subchapter: (1) **Additional coverage** — The term “additional coverage” means a plan of crop insurance coverage providing a level of coverage greater than the level available under catastrophic risk protection. (2) **Approved insurance provider** — The term “approved insurance provider” means a private insurance provider that has been approved by the Corporation to provide insurance coverage to producers participating in the Federal crop insurance program established under this subchapter. (3) **Beginning farmer or rancher** — The term “beginning farmer or rancher” means a farmer or rancher who has not actively operated and managed a farm or ranch with a bona fide insurable interest in a crop or livestock as an owner-operator, landlord, tenant, or sharecropper for more than 10 crop years, as determined by the Secretary. (4) **Board** — The term “Board” means the Board of Directors of the Corporation established under [section 1505(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1505/a&num=0&edition=prelim). (5) **Corporation** — The term “Corporation” means the Federal Crop Insurance Corporation established under [section 1503 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1503&num=0&edition=prelim). (6) **Cover crop termination** — The term “cover crop termination” means a practice that historically and under reasonable circumstances results in the terminatio

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1961 — Graduation of borrowers with operating loans or guarantees to private commercial credit

The Secretary shall establish a plan, in coordination with activities under sections 2006a, 2006b, 2006c, and 2006d of this title, to encourage each borrower with an outstanding loan under this subchapter or with respect to whom there is an outstanding guarantee under this subchapter to graduate to private commercial or other sources of credit.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1501 — Short title and application of other provisions

This subchapter may be cited as the “Federal Crop Insurance Act”. Except as otherwise expressly provided the provisions in titles I to IV, inclusive, shall not apply with respect to this subchapter, and the term “Act” wherever it appears in such titles shall not be construed to include this subchapter.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1942 — Persons eligible for loans

**(a) In general** (1) **Eligibility requirements** — The Secretary may make and insure loans under this subchapter to farmers and ranchers in the United States, and to farm cooperatives and private domestic corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities as the Secretary considers appropriate, that are controlled by farmers and ranchers and engaged primarily and directly in farming or ranching in the United States, subject to the conditions specified in this section. To be eligible for such loans, applicants who are individuals, or, in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities, individuals holding a majority interest in such entity, must (A) be citizens of the United States, (B) for direct loans only, have either training or farming experience that the Secretary determines is sufficient to assure reasonable prospects of success in the proposed farming operations, taking into consideration all farming experience of the applicant, without regard to any lapse between farming experiences, (C) be or will become operators of not larger than family farms (or in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities in which a majority interest is held by individuals who are related by blood or marriage, as defined by the Secretary, such individuals must be or will become either owners or operators of not larger than a family farm and at least one such individual must be or will become an operator of not larger than a family farm or, in the case of holders of the entire interest who are related by blood or marriage and all of whom are

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1942

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 2008g — Payment of interest as condition of loan

Page 1178 TITLE 7—AGRICULTURE § 2008g 1 So in original. Probably should be ‘‘chapter’’. § 2008g. Payment of interest as condition of loan servicing for borrowers The Secretary may not reschedule or reamor- tize a loan for a borrower under this chapter who has not requested consideration under sec- tion 1981d(e) of this title unless the borrower pays a portion, as determined by the Secretary, of the interest due on the loan. (Pub. L. 87–128, title III, § 372, as added Pub. L. 104–127, title VI, § 648(a), Apr. 4, 1996, 110 Stat. 1104.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this title’’, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see Short Title note set out under section 1921 of this title and Tables. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective 90 days after Apr. 4, 1996, see section 663(b) of Pub. L. 104–127, set out as an Effective Date of 1996 Amendment note under section 1922 of this title. § 2008h. Loan and loan servicing limitations (a) Delinquent borrowers prohibited from ob- taining direct operating loans The Secretary may not make a direct oper- ating loan under subchapter II to a borrower who is delinquent on any loan made or guaran- teed under this chapter. (b) Prohibition of loans for borrowers that have received debt forgiveness (1) Prohibitions Except as provided in paragraph (2)— (A) the Secretary may not make a loan under this chapter to a borrower that has re- ceived debt forgiveness on a loan made or guaranteed under this chapter; and (B) the Secretary may not

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