Sec. 11021. Margin coverage for catfish
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Section 522(c) of the Federal Crop Insurance Act (as amended by section 11020) is amended by adding at the end the following: The Corporation shall offer to enter into a contract with a qualified entity to conduct research and development regarding a policy to insure producers against reduction in the margin between the market value of catfish and selected costs incurred in the production of catfish. Eligibility for the policy described in subparagraph
(A)shall be limited to freshwater species of catfish that are propagated and reared in controlled or selected environments. The Board shall review the policy described in subparagraph
(B)under subsection 508(h) and approve the policy if the Board finds that the policy— will likely result in a viable and marketable policy consistent with this subsection; would provide crop insurance coverage in a significantly improved form; adequately protects the interests of producers; and the proposed policy meets other requirements of this subtitle determined appropriate by the Board. .