1077 
of the producer. Indemnities under the Stacked In-
come Protection Plan shall not include or overlap 
the amount of the deductible selected under para-
graph (1). 
‘‘(7) To the maximum extent practicable, in all 
counties for which data are available, establish sepa-
rate coverage for irrigated and nonirrigated prac-
tices. 
‘‘(8) Notwithstanding section 508(d), include a 
premium that— 
‘‘(A) is sufficient to cover anticipated 
losses and a reasonable reserve; and 
‘‘(B) includes an amount for operating and 
administrative expenses established in accord-
ance with section 508(k)(4)(F). 
‘‘(c) RELATION TO OTHER COVERAGES.— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the Stacked Income Protection Plan is in 
addition to all other coverages available to producers 
of upland cotton. 
‘‘(2) LIMITATION.—Acreage of upland cotton 
insured under the Supplemental Coverage Option 
shall not be eligible for the Stacked Income Protec-
tion Plan. 
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‘‘(d) PAYMENT OF PORTION OF PREMIUM BY COR-
PORATION.—Subject to section 508(e)(4), the amount of 
premium paid by the Corporation for all qualifying cov-
erage levels of the Stacked Income Protection Plan shall 
be— 
‘‘(1) 80 percent of the amount of the premium 
established under subsection (b)(8)(A) for the cov-
erage level selected; and 
‘‘(2) the amount determined under subsection 
(b)(8)(B) to cover administrative and operating ex-
penses.’’. 
(b) 
CONFORMING
AMENDMENT.—Section 
508(k)(4)(F) of the Federal Crop Insurance Act (7 U.S.C. 
1508(k)(4)(F)) (as amended by section 11001(d)) is 
amended by inserting ‘‘or under section 508B’’ after ‘‘sub-
section (c)(4)(C)’’. 
SEC. 11014. PEANUT REVENUE CROP INSURANCE. 
The Federal Crop Insurance Act is amended by in-
serting after section 508B (as added by section 11013(a)) 
the following: 
‘‘SEC. 508C. PEANUT REVENUE CROP INSURANCE. 
‘‘(a) IN GENERAL.—Effective beginning with the 
2014 crop year, the Risk Management Agency and the 
Corporation shall make available to producers of peanuts 
a revenue crop insurance program for peanuts. 
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‘‘(b) EFFECTIVE PRICE.— 
‘‘(1) IN GENERAL.—Subject to paragraph (2), 
for purposes of the policies and plans of insurance 
offered under subsections (a) and (b) of section 508, 
the effective price for peanuts shall be equal to the 
Rotterdam price index for peanuts, as adjusted to 
reflect the farmer stock price of peanuts in the 
United States. 
‘‘(2) ADJUSTMENTS.— 
‘‘(A) IN GENERAL.—The effective price for 
peanuts established under paragraph (1) may 
be adjusted by the Risk Management Agency 
and the Corporation to correct distortions. 
‘‘(B) ADMINISTRATION.—If an adjustment 
is made under subparagraph (A), the Risk 
Management Agency and the Corporation 
shall— 
‘‘(i) make the adjustment in an open 
and transparent manner; and 
‘‘(ii) submit to the Committee on Ag-
riculture of the House of Representatives 
and the Committee on Agriculture, Nutri-
tion, and Forestry of the Senate a report 
that describes the reasons for the adjust-
ment.’’. 
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1080 
SEC. 11015. AUTHORITY TO CORRECT ERRORS. 
Section 515(c) of the Federal Crop Insurance Act (7 
U.S.C. 1515(c)) is amended— 
(1) in the first sentence, by striking ‘‘The Sec-
retary’’ and inserting the following: 
‘‘(1) IN GENERAL.—The Secretary’’; 
(2) in the second sentence, by striking ‘‘Begin-
ning with’’ and inserting the following: 
‘‘(2) FREQUENCY.—Beginning with’’; and 
(3) by adding at the end the following: 
‘‘(3) CORRECTIONS.— 
‘‘(A) IN GENERAL.—The Corporation shall 
establish procedures that allow an agent and 
approved insurance provider within a reasonable 
amount of time following the applicable sales 
closing date to correct information regarding 
the entity name, social security number, tax 
identification number, or such other eligibility 
information as determined by the Corporation 
that is provided by a producer for the purpose 
of obtaining coverage under any policy or plan 
of insurance made available under this subtitle 
to ensure that the eligibility information is con-
sistent with the information reported by the 
producer to the Farm Service Agency. 
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‘‘(B) LIMITATION.—In accordance with the 
procedures of the Corporation, procedures 
under subparagraph (A) may include any subse-
quent correction to the eligibility information 
described in that subparagraph made by the 
Farm Service Agency if the corrections do not 
allow the producer— 
‘‘(i) to obtain a disproportionate ben-
efit under the crop insurance program or 
any related program of the Department of 
Agriculture; 
‘‘(ii) to avoid ineligibility requirements 
for insurance; or 
‘‘(iii) to avoid an obligation or re-
quirement under any Federal or State 
law.’’. 
SEC. 11016. IMPLEMENTATION. 
Section 515 of the Federal Crop Insurance Act (7 
U.S.C. 1515) is amended— 
(1) in subsection (j), by striking paragraph (1) 
and inserting the following: 
‘‘(1) 
SYSTEMS
MAINTENANCE
AND
UP-
GRADES.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
maintain and upgrade the information manage-
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