Sec. 11023. Poultry business disruption insurance policy
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Section 522(c) of the Federal Crop Insurance Act ( 7 U.S.C. 1522(c) ) (as amended by section 11021) is amended by adding at the end the following: In this paragraph, the term poultry has the meaning given the term in section 2(a) of the Packers and Stockyards Act, 1921 ( 7 U.S.C. 182(a) ). The Corporation shall offer to enter into 1 or more contracts with qualified entities to carry out— a study to determine the feasibility of insuring commercial poultry production against business disruptions caused by integrator bankruptcy; and a study to determine the feasibility of insuring poultry producers for a catastrophic event.
The study described in subparagraph (B)(i) shall— evaluate the market place for business disruption insurance that is available to poultry producers; assess the feasibility of a policy to allow producers to ensure against a portion of losses from loss under contract due to business disruption from integrator bankruptcy; and analyze the costs to the Federal Government of a Federal business disruption insurance program for poultry producers. Not later than 1 year after the date of enactment of this paragraph, the Corporation shall 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 results of— the study carried out under subparagraph (B)(i); and the study carried out under subparagraph (B)(ii). .
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