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§ 2-901. Establishment of program

West's Annotated Code of MarylandAgricultureEffective: June 1, 2015

West's Annotated Code of Maryland
Agriculture
Title 2. Department of Agriculture (Refs & Annos)
Subtitle 9. Maryland Crop Insurance Premium Cost Share Program (Refs & Annos)
Effective: June 1, 2015
MD Code, Agriculture, § 2-901
§ 2-901. Establishment of program
Currentness
Purpose of Program
(a) There is a Maryland Crop Insurance Premium Cost Share Program which is established for the purpose of increasing participation by farmers in the State in the Federal Crop Insurance Program and reducing a farmer's economic losses that result from natural disasters and market volatility.
Cost share payments
(b)(1)(i) The Secretary may provide a cost share payment for a qualifying federal crop insurance product purchased by a farmer in the State.
(ii) A cost share payment made under this section may not exceed 8% of the net book premium, as established by the Federal Crop Insurance Corporation within the Risk Management Agency of the United States Department of Agriculture.
(2) The Department may distribute money under the Maryland Crop Insurance Premium Cost Share Program from funds provided in the budget.
Regulations relating to farmer eligibility
(c)(1) The Secretary may adopt regulations to implement the provisions of this subtitle.
(2) On or before January 1, 2008, the Secretary shall adopt regulations that establish the qualifications for a farmer's eligibility to receive a cost share payment for crop insurance.

Credits

Added by Acts 2000, c. 689, § 1, eff. Oct. 1, 2000. Amended by Acts 2007, c. 479, § 1, eff. July 1, 2007; Acts 2015, c. 58, § 1, eff. June 1, 2015.
MD Code, Agriculture, § 2-901, MD AGRIC § 2-901
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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