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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1508c Peanut revenue crop insurance us united_states_code code_section 7 AGRICULTURE 36 CROP INSURANCE 1508c 7 U.S.C. § 1508c current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s1508c data/legal/raw/us/code/title-07/usc07.xml 4261a0b7a88e396828a191b7da987189f5aab4411b6c1c18f44c2cafc2051ab3 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 0dd0c43656b443227257fdd625faf6805114e5de0c6f79d601970ca136cfd496 2026-07-04 official
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7 U.S.C. § 1508c - Peanut revenue crop insurance

Text

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

(2) Administration 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.

(Feb. 16, 1938, ch. 30, title V, § 508C, as added Pub. L. 11379, title XI, § 11018, Feb. 7, 2014, 128 Stat. 966.)