Title 7, AgricultureRelease 119-110
§2008f Crop Insurance Requirement
Title 7 › CHAPTER 50 — AGRICULTURAL CREDIT › SUBCHAPTER IV — ADMINISTRATIVE PROVISIONS › § 2008f
Summary
To receive direct loans, loan guarantees, or payments, borrowers must have catastrophic risk protection insurance under sec. 1508 for that crop year if the Corporation offers it. This rule covers loans in secs. 1923, 1942, and 1961.
Full Legal Text
Title 7, §2008f
Agriculture, Source: USLM XML via OLRC
(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 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;
(2)an operating loan (OL) under section 1942 of this title; and
(3)an emergency loan (EM) under section 1961 of this title.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
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.
Reference
Citations & Metadata
Citation
7 U.S.C. § 2008f
Title 7, Agriculture
Last Updated
Sep 22, 2026
Release point: 119-110