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7 U.S. Code § 9017. Agriculture risk coverage
(a) Agriculture risk coverage paymentsIf all of the producers on a farm make the election under section 9015(a) of this title to obtain agriculture risk coverage, the Secretary shall make agriculture risk coverage payments (beginning with the 2019 crop year, based on the physical location of the farm) to producers on the farm if the Secretary determines that, for any of the 2014 through 2018 crop years or the 2019 through 2023 crop years, as applicable—
(1)
the actual crop revenue determined under subsection (b) for the crop year; is less than
(2)
the agriculture risk coverage guarantee determined under subsection (c) for the crop year.
(b) Actual crop revenue
(1) County coverageIn the case of county coverage, the amount of the actual crop revenue for a county for a crop year of a covered commodity shall be equal to the product obtained by multiplying—
(A)
the actual average county yield per planted acre for the covered commodity, as determined by the Secretary; and
(B) the higher of—
(i)
the national average market price received by producers during the 12-month marketing year for the covered commodity, as determined by the Secretary; or
(ii)
the national average loan rate for a marketing assistance loan for the covered commodity in effect for such crop year under subchapter II.
(2) Individual coverageIn the case of individual coverage, the amount of the actual crop revenue for a producer on a farm for a crop year shall be based on the producer’s share of all covered commodities planted on all farms for which individual coverage has been selected and in which the producer has an interest, to be determined by the Secretary as follows:
(A) For each covered commodity, the product obtained by multiplying—
(i)
the total production of the covered commodity on such farms, as determined by the Secretary; and
(ii) the higher of—
(I)
the national average market price received by producers during the 12-month marketing year, as determined by the Secretary; or
(II)
the national average loan rate for a marketing assistance loan for the covered commodity in effect for such crop year under subchapter II.
(B)
The sum of the amounts determined under subparagraph (A) for all covered commodities on such farms.
(C)
The quotient obtained by dividing the amount determined under subparagraph (B) by the total planted acres of all covered commodities on such farms.