aquaculture
(ii)The term “aquaculture” does not include the private ocean ranching of Pacific salmon for profit in any State in which private ocean ranching of Pacific salmon is prohibited by any law (including regulations). (B) (i)As soon as practicable after the date of enactment of the Food, Conservation, and Energy Act of 2008, the Corporation shall offer to enter into 3 or more contracts with qualified entities to carry out research and development regarding a policy to insure the production of aquacultural species in aquaculture operations. (ii)At least 1 of the contracts described in clause (i) shall address insurance of bivalve species, including— (I)American oysters (crassostrea virginica); (II)hard clams (mercenaria mercenaria); (III)Pacific oysters (crassostrea gigas); (IV)Manila clams (tapes phillipinnarium); or (V)blue mussels (mytilus edulis). (iii)At least 1 of the contracts described in clause (i) shall address insurance of freshwater species, including— (I)catfish (icataluridae); (II)rainbow trout (oncorhynchus mykiss); (III)largemouth bass (micropterus salmoides); (IV)striped bass (morone saxatilis); (V)bream (abramis brama); (VI)shrimp (penaeus); or (VII)tilapia (oreochromis niloticus). (iv)At least 1 of the contracts described in clause (i) shall address insurance of saltwater species, including— (I)Atlantic salmon (salmo salar); or (II)shrimp (penaeus). (C)Research and development described in subparagraph (B) shall evaluate the effectiveness of policies and plans of insurance for the production of aquacultural species in aquaculture operations, including policies and plans of insurance that— (i)are based on market prices and yields; (ii)to the extent that insufficient data exist to develop a policy based on market prices and yields, evaluate how best to incorporate insuring of production of aquacultural species in aquaculture operations into existing policies covering adjusted gross revenue; and (iii)provide protection for production or revenue losses, or both.