(7) Adequate coverage for States and underserved producers (A) Definitions In this paragraph: (i) Adequately served The term “adequately served” means having a participation rate, by crop, that is at least 50 percent of the national average participation rate. (ii) Underserved producer The term “underserved producer” means an individual (including a member of an Indian Tribe) that is— (I) a beginning farmer or rancher; (II) a veteran farmer or rancher; or (III) a socially disadvantaged farmer or rancher. (B) Review Using resources and information available to the Board or the Secretary, the Board shall review the policies and plans of insurance that are offered by approved insurance providers under this subchapter, including policies and plans of insurance for underserved producers, to determine if each State is adequately served by the policies and plans of insurance. (C) Report (i) In general Not later than 30 days after completion of the review under subparagraph (B), and not less frequently than once every 3 years thereafter, the Board shall make publicly available and submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing the results of the review. (ii) Recommendations The report under clause (i) shall include recommendations to increase participation in States and among underserved producers that are not adequately served by the policies and plans of insurance, including any plans for administrative action or recommendations for Congressional action.