2003 US Code
Title 7 - AGRICULTURE
CHAPTER 36 - CROP INSURANCE
Sec. 1524 - Education and risk management assistance
View MetadataPublication Title | United States Code, 2000 Edition, Supplement 3, Title 7 - AGRICULTURE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 7 - AGRICULTURE CHAPTER 36 - CROP INSURANCE Sec. 1524 - Education and risk management assistance |
Contains | section 1524 |
Date | 2003 |
Laws in Effect as of Date | January 19, 2004 |
Positive Law | No |
Disposition | standard |
Source Credit | Feb. 16, 1938, ch. 30, title V, §524, as added Pub. L. 106-224, title I, §133, June 20, 2000, 114 Stat. 387; amended Pub. L. 107-171, title II, §2501, May 13, 2002, 116 Stat. 263. |
Statutes at Large References | 114 Stat. 387 116 Stat. 263, 214 |
Public Law References | Public Law 106-224, Public Law 107-171 |
§1524. Education and risk management assistance (a) Education assistance (1) In general
Subject to the amounts made available under paragraph (4)—
(A) the Corporation shall carry out the program established under paragraph (2); and
(B) the Secretary, acting through the Cooperative State Research, Education, and Extension Service, shall carry out the program established under paragraph (3).
(2) Education and informationThe Corporation shall establish a program under which crop insurance education and information is provided to producers in States in which (as determined by the Secretary)—
(A) there is traditionally, and continues to be, a low level of Federal crop insurance participation and availability; and
(B) producers are underserved by the Federal crop insurance program.
(3) Partnerships for risk management education (A) AuthorityThe Secretary, acting through the Cooperative State Research, Education, and Extension Service, shall establish a program under which competitive grants are made to qualified public and private entities (including land grant colleges, cooperative extension services, and colleges or universities), as determined by the Secretary, for the purpose of educating agricultural producers about the full range of risk management activities, including futures, options, agricultural trade options, crop insurance, cash forward contracting, debt reduction, production diversification, farm resources risk reduction, and other risk management strategies.
(B) Basis for grantsA grant under this paragraph shall be awarded on the basis of merit and shall be subject to peer or merit review.
(C) Obligation periodFunds for a grant under this paragraph shall be available to the Secretary for obligation for a 2-year period.
(D) Administrative costsThe Secretary may use not more than 4 percent of the funds made available for grants under this paragraph for administrative costs incurred by the Secretary in carrying out this paragraph.
(4) FundingFrom the insurance fund established under section 1516(c) of this title, there is transferred—
(A) for the education and information program established under paragraph (2), ,000,000 for fiscal year 2001 and each subsequent fiscal year; and
(B) for the partnerships for risk management education program established under paragraph (3), ,000,000 for fiscal year 2001 and each subsequent fiscal year.
(b) Agricultural management assistance (1) AuthorityThe Secretary shall provide financial assistance to producers in the States of Connecticut, Delaware, Maryland, Massachusetts, Maine, Nevada, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Utah, Vermont, West Virginia, and Wyoming.
(2) UsesA producer may use financial assistance provided under this subsection to—
(A) construct or improve—
(i) watershed management structures; or
(ii) irrigation structures;
(B) plant trees to form windbreaks or to improve water quality;
(C) mitigate financial risk through production or marketing diversification or resource conservation practices, including—
(i) soil erosion control;
(ii) integrated pest management;
(iii) organic farming; or
(iv) to develop and implement a plan to create marketing opportunities for the producer, including through value-added processing;
(D) enter into futures, hedging, or options contracts in a manner designed to help reduce production, price, or revenue risk;
(E) enter into agricultural trade options as a hedging transaction to reduce production, price, or revenue risk; or
(F) conduct any other activity relating to an activity described in subparagraphs (A) through (E), as determined by the Secretary.
(3) Payment limitationThe total amount of payments made to a person (as defined in section 1308(5) 1 of this title) under this subsection for any year may not exceed ,000.
(4) Commodity Credit Corporation (A) In generalThe Secretary shall carry out this subsection through the Commodity Credit Corporation.
(B) Funding (i) In generalExcept as provided in clause (ii), the Commodity Credit Corporation shall make available to carry out this subsection not less than ,000,000 for each fiscal year.
(ii) ExceptionFor each of fiscal years 2003 through 2007, the Commodity Credit Corporation shall make available to carry out this subsection ,000,000.
(Feb. 16, 1938, ch. 30, title V, §524, as added Pub. L. 106–224, title I, §133, June 20, 2000, 114 Stat. 387; amended Pub. L. 107–171, title II, §2501, May 13, 2002, 116 Stat. 263.)
References in TextSection 1308(5) of this title, referred to in subsec. (b)(3), was redesignated section 1308(e) by Pub. L. 107–171, title I, §1603(b)(1), May 13, 2002, 116 Stat. 214.
Amendments2002—Subsec. (b). Pub. L. 107–171 added subsec. (b) and struck out heading and text of former subsec. (b). Text read as follows:
“(1) Authority.—The Secretary shall provide cost share assistance to producers, in a manner determined by the Secretary, in not less than 10, nor more than 15, States in which participation in the Federal crop insurance program is historically low, as determined by the Secretary.
“(2) Uses.—A producer may use cost share assistance provided under this subsection to—
“(A) construct or improve—
“(i) watershed management structures; or
“(ii) irrigation structures;
“(B) plant trees to form windbreaks or to improve water quality;
“(C) mitigate financial risk through production diversification or resource conservation practices, including—
“(i) soil erosion control;
“(ii) integrated pest management; or
“(iii) transition to organic farming;
“(D) enter into futures, hedging, or options contracts in a manner designed to help reduce production, price, or revenue risk;
“(E) enter into agricultural trade options as a hedging transaction to reduce production, price, or revenue risk; or
“(F) conduct any other activity related to the activities described in subparagraphs (A) through (E), as determined by the Secretary.”
“(2) Payment limitation.—The total amount of payments made to a person (as defined in section 1308(5) of this title) under this subsection for any year may not exceed ,000.
“(3) Commodity credit corporation.—
“(A) In general.—The Secretary shall carry out this subsection through the Commodity Credit Corporation.
“(B) Funding.—The Commodity Credit Corporation shall make available to carry out this subsection ,000,000 for fiscal year 2001 and each subsequent fiscal year.”
Effective DateSection effective Oct. 1, 2000, see section 171(b)(1)(A) of Pub. L. 106–224, set out as an Effective Date of 2000 Amendment note under section 1501 of this title.
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