Title 7 — AgricultureRelease 119-73not60

§1508c Peanut Revenue Crop Insurance

Title 7 › Chapter 36— CROP INSURANCE › Subchapter I— FEDERAL CROP INSURANCE › § 1508c

Last updated Apr 3, 2026|Official source

Summary

Starting with the 2015 crop year, the Risk Management Agency and the Federal Crop Insurance Corporation must offer peanut producers a revenue crop insurance program. For that program, the "effective price" for peanuts will be the Rotterdam price index (or another price the Secretary chooses), adjusted to the U.S. farmer stock price. The Agency and the Corporation may change that effective price to fix distortions. If they do, they must make the change openly and send a report explaining the reasons to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate.

Full Legal Text

Title 7, §1508c

Agriculture — Source: USLM XML via OLRC

(a)Effective beginning with the 2015 crop year, the Risk Management Agency and the Corporation shall make available to producers of peanuts a revenue crop insurance program for peanuts.

(b)Subject to subsection (c), for purposes of the revenue crop insurance program and the multiperil crop insurance program under this subchapter, the effective price for peanuts shall be equal to the Rotterdam price index for peanuts or other appropriate price as determined by the Secretary, as adjusted to reflect the farmer stock price of peanuts in the United States.

(c)(1)The effective price for peanuts established under subsection (b) may be adjusted by the Risk Management Agency and the Corporation to correct distortions.

(2)If an adjustment is made under paragraph (1), the Risk Management Agency and the Corporation shall—

(A)make the adjustment in an open and transparent manner; and

(B)submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that describes the reasons for the adjustment.

Reference

Citations & Metadata

Citation

7 U.S.C. § 1508c

Title 7 — Agriculture

Last Updated

Apr 3, 2026

Release point: 119-73not60