1. Short title This Act may be cited as the Conservation Opportunity and Voluntary Environment Resilience Program Act of 2023 or the COVER Act of 2023 . 2. Good Steward Cover Crop program The Federal Crop Insurance Act is amended by inserting after section 508D ( 7 U.S.C. 1508d ) the following: 508E. Good Steward Cover Crop program (a) Definitions In this section: (1) Covered insurance program The term covered insurance program means a plan of insurance offered by the Corporation. (2) Program The term program means the Good Steward Cover Crop program established under subsection (b)(1). (3) Qualifying cover crop The term qualifying cover crop means cereal or other grass, legume, brassica, nonlegume broadleaf, or any combination thereof that is planted for conservation purposes in accordance with— (A) guidance of the Natural Resources Conservation Service; and (B) any other expert guidance, as determined by the Secretary. (4) Underserved producer The term underserved producer has the meaning given the term in section 508(a)(7)(A). (b) Establishment (1) In general Beginning with crop year 2023, the Secretary shall carry out a program, to be known as the Good Steward Cover Crop program , to provide additional premium subsidies to producers for each acre— (A) on which qualifying cover crops are planted during a crop year; and (B) for which the producers, during such crop year— (i) plant crops other than the qualifying cover crops; and (ii) purchase insurance under a covered insurance program with respect to such planted crops. (2) Report For each acre described in paragraph (1), for each crop year, a producer shall be required to submit to the Secretary a report of acreage form. (c) Premium subsidy amount (1) In general Subject to paragraphs (2) and (3), an additional premium subsidy provided to a producer under the program shall— (A) be calculated on a common land unit basis or an equivalent or more precise basis; and (B) be in an amount equal to the product obtained by multiplying— (i) $5