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.
As used in this subchapter:
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.
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.
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 5 crop years, as determined by the Secretary.
The term "Board" means the Board of Directors of the Corporation established under sectionof this title.
The term "Corporation" means the Federal Crop Insurance Corporation established under sectionof this title.
The term "cover crop termination" means a practice that historically and under reasonable circumstances results in the termination of the growth of a cover crop.
The term "Department" means the United States Department of Agriculture.
The term "farm financial benchmarking" means-
The term "hemp" has the meaning given the term in section 1639o of this title.
The term "loss ratio" means the ratio of all sums paid by the Corporation as indemnities under any eligible crop insurance policy to that portion of the premium designated for anticipated losses and a reasonable reserve, other than that portion of the premium designated for operating and administrative expenses.
The term "organic crop" means an agricultural commodity that is organically produced consistent with sectionof this title.
The term "Secretary" means the Secretary of Agriculture.
The term "transitional yield" means the maximum average production per acre or equivalent measure that is assigned to acreage for a crop year by the Corporation in accordance with the regulations of the Corporation whenever the producer fails-
The term "veteran farmer or rancher" means a farmer or rancher who-
Except as provided in paragraph (2), the Secretary, any other officer or employee of the Department or an agency thereof, an approved insurance provider and its employees and contractors, and any other person may not disclose to the public information furnished by a producer under this subchapter.
Information described in paragraph (1) may be disclosed to the public if the information has been transformed into a statistical or aggregate form that does not allow the identification of the person who supplied particular information.
A producer may consent to the disclosure of information described in paragraph (1). The participation of the producer in, and the receipt of any benefit by the producer under, this subchapter or any other program administered by the Secretary may not be conditioned on the producer providing consent under this paragraph.
Sectionof this title shall apply with respect to the release of information collected in any manner or for any purpose prohibited by this subsection.
Subject to subparagraph (B), the Farm Service Agency shall, in a timely manner, provide to an agent or an approved insurance provider authorized by the producer any information (including Farm Service Agency Form 578s (or any successor form)) or maps (or any corrections to those forms or maps) that may assist the agent or approved insurance provider in insuring the producer under a policy or plan of insurance under this subchapter.
Except as provided in subparagraph (C), an agent or approved insurance provider that receives the information of a producer pursuant to subparagraph (A) shall treat the information in accordance with paragraph (1).
Nothing in this section prohibits the sharing of the information of a producer pursuant to subparagraph (A) between the agent and the approved insurance provider of the producer.
The terms and conditions of any policy or plan of insurance offered under this subchapter that is reinsured by the Corporation shall not-
Nothing in this subchapter affects the jurisdiction of the Commodity Futures Trading Commission or the applicability of the Commodity Exchange Act (et seq.) to any transaction conducted on a contract market under that Act by an approved insurance provider to offset the approved insurance provider's risk under a plan or policy of insurance under this subchapter.
7 U.S.C. § 1502
REFERENCES IN TEXTThe Commodity Exchange Act, referred to in subsec. (d)(1)(B), (2), is act Sept. 21, 1922, ch. 369, 42 Stat. 998, as amended, which is classified generally to chapter 1 (§1 et seq.) of this title. For complete classification of this Act to the Code, see sectionof this title and Tables.
CODIFICATIONPub. L. 110-234 and Pub. L. 110-246 made identical amendments to this section. The amendments by Pub. L. 110-234 were repealed by section 4(a) of Pub. L. 110-246.
AMENDMENTS2018-Subsec. (b)(6) to (13). Pub. L. 115-334, §11101, added pars. (6) and (9) and redesignated former pars. (6) to (11) as (7), (8), and (10) to (13), respectively. Subsec. (b)(14). Pub. L. 115-334, §12306(b)(1), added par. (14).2014-Subsec. (b)(3) to (6). Pub. L. 113-79, §11016(a), added par. (3) and redesignated former pars. (3) to (5) as (4) to (6), respectively. Former par. (6) redesignated (7).Subsec. (b)(7) to (10). Pub. L. 113-79, §11027(a), added par. (7) and redesignated former pars. (7) to (9) as (8) to (10), respectively. Former par. (10) redesignated (11). Pub. L. 113-79, §11016(a)(1), redesignated pars. (6) to (9) as (7) to (10), respectively. Subsec. (b)(11). Pub. L. 113-79, §11027(a)(1), redesignated par. (10) as (11).Subsec. (c)(4). Pub. L. 113-79, §11001, added par. (4).2008- Pub. L. 110-246, §12033(c)(2)(B), substituted "this subchapter" for "this chapter" wherever appearing. Subsec. (b)(7) to (9). Pub. L. 110-246, §12001, added par. (7) and redesignated former pars. (7) and (8) as (8) and (9), respectively. 2000-Subsec. (c). Pub. L. 106-224, §122, added subsec. (c).Subsec. (d). Pub. L. 106-224, §141, added subsec. (d).1994- Pub. L. 103-354 substituted "Purpose and definitions" for "Declaration of purpose" in section catchline, designated existing text as subsec. (a) and added heading, and added subsec. (b). 1947-Act Aug. 1, 1947, amended section generally, restating purpose of chapter to improve all agriculture by crop insurance instead of being limited only to wheat. 1941-Act June 21, 1941, substituted "crop" for "wheat-crop" and "agricultural commodities" for "wheat".
EFFECTIVE DATE OF 2008 AMENDMENT Amendment of this section and repeal of Pub. L. 110-234 by Pub. L. 110-246 effective May 22, 2008, the date of enactment of Pub. L. 110-234 see section 4 of Pub. L. 110-246 set out as an Effective Date note under sectionof this title.
EFFECTIVE DATE OF 1994 AMENDMENT Pub. L. 103-354, title I, §120, Oct. 13, 1994, 108 Stat. 3208, provided that: "Except as otherwise provided in this title, this title [enacting sections, , , and of this title, amending this section and sections , , , , to , , , , and to of this title, sections and of Title 2, The Congress, and section of Title 18, Crimes and Criminal Procedure, repealing sections and of this title, enacting provisions set out as notes under sections , , and of this title and sections and of Title 2, and repealing provisions set out as a note under section of this title] and the amendments made by this title shall become effective on the date of enactment of this Act [Oct. 13, 1994] and shall apply to the provision of crop insurance under the Federal Crop Insurance Act ( et seq.) beginning with the 1995 crop year. With respect to the 1994 crop year, the Federal Crop Insurance Act (as in effect on the day before the date of enactment of this Act) shall continue to apply."