
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1524]

 
                          TITLE 7--AGRICULTURE
 
                       CHAPTER 36--CROP INSURANCE
 
Sec. 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 information

        The 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) Authority

            The 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 grants

            A grant under this paragraph shall be awarded on the basis 
        of merit and shall be subject to peer or merit review.

        (C) Obligation period

            Funds for a grant under this paragraph shall be available to 
        the Secretary for obligation for a 2-year period.

        (D) Administrative costs

            The 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) Funding

        From 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), $5,000,000 for fiscal year 2001 and each 
        subsequent fiscal year; and
            (B) for the partnerships for risk management education 
        program established under paragraph (3), $5,000,000 for fiscal 
        year 2001 and each subsequent fiscal year.

(b) Agricultural management assistance

                            (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) \1\ Uses
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    \1\ So in original. Two pars. (2) have been enacted.
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        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) \1\ 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 $50,000.

                  (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 $10,000,000 for fiscal year 2001 and 
        each subsequent fiscal year.

(Feb. 16, 1938, ch. 30, title V, Sec. 524, as added Pub. L. 106-224, 
title I, Sec. 133, June 20, 2000, 114 Stat. 387.)


                             Effective Date

    Section 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.
