; and (bb) losses to the value of packing, packaging, or any other similar on-farm activity that the Corporation determines necessary to remove a covered crop or commodity from the field. (II) Payments are made under the covered policy not later than 30 days after the occurrence of a covered weather condition in the county in which the applicable farm of the farmer is located or an adjacent county. (III) Provision of seasonal coverage periods. (IV) Provision of special consideration to concerns facing individual farm businesses— (aa) that have less than $350,000 in adjusted gross income; and (bb) with respect to which a farmer is an underserved producer (as defined in section 508(a)(7)(A)). (V) Paperwork requirements are reduced for farmers seeking to obtain a covered policy. (v) Consultation In carrying out research and development on the covered policy under clause (i), the Corporation— (I) shall hold stakeholder meetings to solicit producer and agent feedback; and (II) may consult with licensed actuaries with experience developing index policies insuring agricultural production. (C) Report Not later than 1 year after the date of enactment of this paragraph, the Corporation shall make publicly available a report that describes— (i) the results of the research and development carried out under this paragraph; and (ii) recommendations to Congress with respect to those results, including— (I) any challenges to developing the covered policy; and (II) options to address those challenges. . (b) Technical amendment Section 531(a)(18) of the Federal Crop Insurance Act ( 7 U.S.C. 1531(a)(18) ) is amended by striking section 2501(e) of the Food, Agriculture, Conservation, and Trade Act of 1990 ( 7 U.S.C. 2279(e) ) and inserting section 2501(a) of the Food, Agriculture, Conservation, and Trade Act of 1990 ( 7 U.S.C. 2279(a) ). .