Sec. 5. Risk management
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Section 522(c) of the Federal Crop Insurance Act ( 7 U.S.C. 1522(c) ) is amended— by redesignating paragraph
(24)as paragraph (26); and by inserting after paragraph
(23)the following: The Corporation shall carry out research and development, or offer to enter into 1 or more contracts with 1 or more qualified persons to carry out research and development, regarding a policy to insure, in a controlled environment such as a greenhouse— the production of floriculture, nursery, and bedding plants; the establishment of cuttings or tissue culture in a growing medium; or other similar production, as determined by the Secretary. Notwithstanding the last sentence of section 508(a)(1), and section 508(a)(2), the Corporation shall make a policy described in clause
(i)available if the requirements of section 508(h) are met. Research and development described in subparagraph (A)(i) shall evaluate the effectiveness of policies for the production of plants in a controlled environment, including policies that— are based on the risk of— plant diseases introduced from the environment; contaminated cuttings, seedlings, or tissue culture; or Federal or State quarantine or destruction orders associated with the contaminated items described in subclause (II); consider other causes of loss applicable to a controlled environment, such as a loss of electricity due to weather; consider appropriate best practices to minimize the risk of loss; consider whether to provide coverage for various types of plants under 1 policy or to provide coverage for 1 species or type of plant per policy; have streamlined reporting and paperwork requirements that take into account short propagation schedules, variable crop years, and the variety of plants that may be produced in a single facility; and provide protection for revenue losses. Not later than 1 year after the date of enactment of the Urban Agriculture Act of 2018 , 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 research and development conducted under subparagraphs (A)(i) and (B); and provides any recommendations with respect to those results. The Corporation shall carry out research and development, or offer to enter into 1 or more contracts with 1 or more qualified persons to carry out research and development, regarding a policy to insure production— of floriculture, fruits, vegetables, poultry, livestock, or the products of floriculture, fruits, vegetables, poultry, or livestock; and that is targeted toward local consumers and markets. Notwithstanding the last sentence of section 508(a)(1) and section 508(a)(2), the Corporation shall make a policy described in clause
(i)available if the requirements of section 508(h) are met. Research and development described in subparagraph (A)(i) shall evaluate the effectiveness of policies for production targeted toward local consumers and markets, including policies that— consider small-scale production in various areas, including urban, suburban, and rural areas; consider a variety of marketing strategies, including— direct-to-consumer marketing; farmers markets; farm-to-institution marketing; and marketing through community supported agriculture; allow for production in soil and in alternative systems, such as vertical systems, greenhouses, rooftops, or hydroponic systems; consider the price premium when accounting for production or revenue losses; consider whether to provide coverage— for various types of production under 1 policy; and for 1 species or type of plant per policy; and have streamlined reporting and paperwork requirements. Not later than 1 year after the date of enactment of the Urban Agriculture Act of 2018 , 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— examines whether a version of existing policies such as the whole-farm revenue protection insurance plan may be tailored to provide improved coverage for producers of local foods; describes the results of the research and development conducted under subparagraphs
(A)and (B); and includes any recommendations with respect to those results. . Section 196(l)(1)(B) of the Federal Agriculture Improvement and Reform Act of 1996 ( 7 U.S.C. 7333(l)(1)(B) ) is amended by inserting , contract price, or other premium price (such as a local, organic, or direct market price, as elected by the producer) after price .
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