; and (B) agriculture risk coverage under section 1117; and (2) in the case of a crop on a farm for which a producer obtains supplemental coverage under section 508(c)(4)(C) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(c)(4)(C) ) for a crop year, such crop on such farm shall not be eligible to receive payments under agriculture risk coverage under section 1117 for such crop year. . 11007. Limitation on interest accrual Section 508(d) of Federal Crop Insurance Act ( 7 U.S.C. 1508(d) ) is amended by inserting at the end the following new paragraph: (5) Limitation on interest accrued Effective beginning with the 2025 reinsurance year, in the case of a producer that is delinquent in paying a premium or administrative fee, an approved insurance provider may charge such producer with respect to such delinquency an amount less than or equal to 1 percent of the simple interest of the amount for which such producer is delinquent, for each month (not to exceed 60-consecutive months) the producer is so delinquent. . 11008. Crop insurance support for beginning and veteran farmers and ranchers (a) Definition of beginning and veteran farmer or rancher Section 502(b) of the Federal Crop Insurance Act ( 7 U.S.C. 1502(b) ) is amended (1) in paragraph (3), by striking 5 crop years and inserting 10 crop years ; and (2) in paragraph (14)(B)— (A) in clause (ii) by striking 5 years and inserting 10 years ; and (B) in clause (iii) by striking 5-year and inserting 10-year . (b) Increase in assistance Section 508(e)(8) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(e)(8) ) is amended— (1) by striking Notwithstanding and inserting the following: (A) In general Notwithstanding ; (2) by striking is 10 percentage points greater than and inserting is the amount of percentage points specified in subparagraph (B) greater than