Pub. L. 87-128, tit. III, subtit. D, sec. 371 (as amended)
CROP INSURANCE REQUIREMENT.
SEC. 371. [7 U.S.C. 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), a borrower must obtain at least catastrophic risk protection insurance coverage under section 508 of the Federal Crop Insurance Act (7 U.S.C. 1508) 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 303;
(2) an operating loan (OL) under section 312; and
(3) an emergency loan (EM) under section 321.
- Cross-references to the US Code
- 7 U.S.C. 2008f