(a) In general As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b) of this section, a borrower must obtain at least catastrophic risk protection insurance coverage under section
1508 of this title for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation.
(b) Applicable benefits Subsection (a) of this section shall apply to
(1) a farm ownership loan (FO) under section
1923 of this title;
(2) an operating loan (OL) under section
1942 of this title; and
(3) an emergency loan (EM) under section
1961 of this title.