Revenue Loss Assistance and Crop Insurance Enhancement Act of 2012 - Amends the Food, Conservation, and Energy Act of 2008 to direct the Secretary of Agriculture (USDA) to establish a revenue loss assistance program (program) beginning with crop year 2013 in lieu of the supplemental revenue assistance payments (SURE) and the average crop revenue election programs (ACRE). (Extends the SURE program for crop year 2012.)
Provides producers with program assistance for losses between 12% and 25 % of their historic revenue.
Provides counter-cyclical payments for each covered commodity through crop year 2017 on farms for which payment yields and base acres are established if the effective price for the covered commodity is less than its target price.
Sets forth 2013-2017 target prices, payment rates, and payment amounts for covered commodities.
Provides a special payment calculation rule for long grain and medium grain rice, and a specified four-year alternative election.
Sets forth 2013-2017 commodity marketing assistance loan rates.
Extends specified agricultural and livestock assistance programs.
Repeals the direct payment and ACRE programs.
Limits the total revenue loss assistance payments and countercyclical payments that a person or entity may receive in a crop year.
Reduces the catastrophic risk protection coverage premium.
Authorizes agricultural producers to purchase supplemental crop insurance coverage based on: (1) an individual yield and loss basis, or an area yield and loss basis; or (2) an individual yield and loss basis, supplemented with coverage based on an area yield and loss basis to cover a part of the deductible under the individual yield and loss policy.
[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 2261 Introduced in Senate (IS)]
112th CONGRESS
2d Session
S. 2261
To amend the Food, Conservation, and Energy Act of 2008 to establish a
revenue loss assistance program, repeal the direct payment and ACRE
programs, extend commodity programs through 2017, and for other
purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 29, 2012
Mr. Conrad (for himself, Mr. Hoeven, and Mr. Baucus) introduced the
following bill; which was read twice and referred to the Committee on
Agriculture, Nutrition, and Forestry
_______________________________________________________________________
A BILL
To amend the Food, Conservation, and Energy Act of 2008 to establish a
revenue loss assistance program, repeal the direct payment and ACRE
programs, extend commodity programs through 2017, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) Short Title.--This Act may be cited as the ``Revenue Loss
Assistance and Crop Insurance Enhancement Act of 2012''.
(b) Table of Contents.--The table of contents of this Act is as
follows:
Sec. 1. Short title; table of contents.
Sec. 2. Revenue loss assistance program and counter-cyclical program.
Sec. 3. Marketing assistance loans and loan deficiency payments.
Sec. 4. Extension of expiring authorities.
Sec. 5. Repeal of direct payment and ACRE programs.
Sec. 6. Supplemental coverage option.
Sec. 7. Catastrophic risk protection premium reduction.
Sec. 8. Adjustment in actual production history to establish insurable
yields.
Sec. 9. Supplemental agricultural disaster assistance.
Sec. 10. Budgetary effects.
Sec. 11. Effective date.
SEC. 2. REVENUE LOSS ASSISTANCE PROGRAM AND COUNTER-CYCLICAL PROGRAM.
(a) In General.--Title I of the Food, Conservation, and Energy Act
of 2008 is amended--
(1) by striking section 1001 (7 U.S.C. 8702);
(2) by striking subtitles A and C (7 U.S.C. 8711 et seq.);
and
(3) by inserting before subtitle B (7 U.S.C. 8731 et seq.)
the following:
``SEC. 1001. DEFINITIONS.
``In this title:
``(1) Base acres.--The term `base acres', with respect to a
covered commodity on a farm, means the number of acres
established under section 1101 or 1302 of the Farm Security and
Rural Investment Act of 2002 (7 U.S.C. 7911, 7952) or section
1101, 1108, or 1302 of this Act, as in effect on September 30,
2012, subject to any adjustment under section 1101.
``(2) Counter-cyclical payment.--The term `counter-cyclical
payment' means a payment made to producers on a farm under
section 1104.
``(3) Counter-cyclical payment acres.--The term `counter-
cyclical payment acres' means 75 percent of the base acres of a
covered commodity on a farm for which counter-cyclical payments
are made.
``(4) Covered commodity.--The term `covered commodity'
means wheat, corn, grain sorghum, barley, oats, upland cotton,
long grain rice, medium grain rice, pulse crops, peanuts,
soybeans, and other oilseeds.
``(5) Effective price.--The term `effective price', with
respect to a covered commodity for a crop year, means the price
calculated by the Secretary under section 1104 to determine
whether counter-cyclical payments are required to be made for
that crop year.
``(6) Extra long staple cotton.--The term `extra long
staple cotton' means cotton that--
``(A) is produced from pure strain varieties of the
Barbadense species or any hybrid of the species, or
other similar types of extra long staple cotton,
designated by the Secretary, having characteristics
needed for various end uses for which United States
upland cotton is not suitable and grown in irrigated
cotton-growing regions of the United States designated
by the Secretary or other areas designated by the
Secretary as suitable for the production of the
varieties or types; and
``(B) is ginned on a roller-type gin or, if
authorized by the Secretary, ginned on another type gin
for experimental purposes.
``(7) Loan commodity.--The term `loan commodity' means
wheat, corn, grain sorghum, barley, oats, upland cotton, extra
long staple cotton, long grain rice, medium grain rice,
soybeans, other oilseeds, graded wool, nongraded wool, mohair,
honey, dry peas, lentils, peanuts, small chickpeas, and large
chickpeas.
``(8) Medium grain rice.--The term `medium grain rice'
includes short grain rice.
``(9) Other oilseed.--The term `other oilseed' means a crop
of sunflower seed, rapeseed, canola, safflower, flaxseed,
mustard seed, crambe, sesame seed, or any oilseed designated by
the Secretary.
``(10) Payment yield.--The term `payment yield' means the
yield established for counter-cyclical payments under section
1102 or 1302 of the Farm Security and Rural Investment Act of
2002 (7 U.S.C. 7912, 7952), section 1102 of 1302 of this Act,
as in effect on September 30, 2012, or section 1102 or 1106, or
for revenue loss assistance program payments under section
1103, for a farm for a covered commodity.
``(11) Producer.--
``(A) In general.--The term `producer' means an
owner, operator, landlord, tenant, or sharecropper that
shares in the risk of producing a crop and is entitled
to share in the crop available for marketing from the
farm, or would have shared had the crop been produced.
``(B) Hybrid seed.--In determining whether a grower
of hybrid seed is a producer, the Secretary shall--
``(i) not take into consideration the
existence of a hybrid seed contract; and
``(ii) ensure that program requirements do
not adversely affect the ability of the grower
to receive a payment under this title.
``(12) Pulse crop.--The term `pulse crop' means dry peas,
lentils, small chickpeas, and large chickpeas.
``(13) Revenue loss assistance program payment.--The term
`revenue loss assistance program payment' means a payment made
to producers on a farm under section 1103.
``(14) State.--The term `State' means--
``(A) a State;
``(B) the District of Columbia; and
``(C) the Commonwealth of Puerto Rico.
``(15) Target price.--The term `target price' means the
price per bushel, pound, or hundredweight (or other appropriate
unit) of a covered commodity used to determine the payment rate
for counter-cyclical payments.
``(16) United states.--The term `United States', when used
in a geographical sense, means all of the States.
``(17) United states premium factor.--The term `United
States Premium Factor' means the percentage by which the
difference in the United States loan schedule premiums for
Strict Middling (SM) 1\1/8\-inch upland cotton and for Middling
(M) 1\3/32\-inch upland cotton exceeds the difference in the
applicable premiums for comparable international qualities.
``Subtitle A--Revenue Loss Assistance Program and Counter-Cyclical
Program
``SEC. 1101. BASE ACRES.
``(a) Adjustment of Base Acres.--
``(1) In general.--The Secretary shall provide for an
adjustment, as appropriate, in the base acres for covered
commodities for a farm whenever any of the following
circumstances occurs:
``(A) A conservation reserve contract entered into
under section 1231 of the Food Security Act of 1985 (16
U.S.C. 3831) with respect to the farm expires or is
voluntarily terminated, or was terminated or expired
during the period beginning on October 1, 2007, and
ending on the date of enactment of this Act.
``(B) Cropland is released from coverage under a
conservation reserve contract by the Secretary, or was
released during the period beginning on October 1,
2007, and ending on the date of enactment of this Act.
``(C) The producer has eligible oilseed acreage as
the result of the Secretary designating additional
oilseeds, which shall be determined in the same manner
as eligible oilseed acreage under section 1101(a)(2) of
the Farm Security and Rural Investment Act of 2002 (7
U.S.C. 7911(a)(2)).
``(2) Special conservation reserve acreage payment rules.--
For the crop year in which a base acres adjustment under
subparagraph (A) or (B) of paragraph (1) is first made, the
owner of the farm shall elect to receive either revenue loss
assistance program payments and counter-cyclical payments with
respect to the acreage added to the farm under this subsection
or a prorated payment under the conservation reserve contract,
but not both.
``(b) Prevention of Excess Base Acres.--
``(1) Required reduction.--If the sum of the base acres for
a farm, together with the acreage described in paragraph (2)
exceeds the actual cropland acreage of the farm, the Secretary
shall reduce the base acres for 1 or more covered commodities
for the farm so that the sum of the base acres and acreage
described in paragraph (2) does not exceed the actual cropland
acreage of the farm.
``(2) Other acreage.--For purposes of paragraph (1), the
Secretary shall include the following:
``(A) Any acreage on the farm enrolled in the
conservation reserve program or wetlands reserve
program under chapter 1 of subtitle D of title XII of
the Food Security Act of 1985 (16 U.S.C. 3830 et seq.).
``(B) Any other acreage on the farm enrolled in a
Federal conservation program for which payments are
made in exchange for not producing an agricultural
commodity on the acreage.
``(C) If the Secretary designates additional
oilseeds, any eligible oilseed acreage, which shall be
determined in the same manner as eligible oilseed
acreage under section 1101(a)(2) of the Farm Security
and Rural Investment Act of 2002 (7 U.S.C. 7911(a)(2)).
``(3) Selection of acres.--The Secretary shall give the
owner of the farm the opportunity to select the base acres for
a covered commodity for the farm against which the reduction
required by paragraph (1) will be made.
``(4) Exception for double-cropped acreage.--In applying
paragraph (1), the Secretary shall make an exception in the
case of double cropping, as determined by the Secretary.
``(c) Reduction in Base Acres.--
``(1) Reduction at option of owner.--
``(A) In general.--The owner of a farm may reduce,
at any time, the base acres for any covered commodity
for the farm.
``(B) Effect of reduction.--A reduction under
subparagraph (A) shall be permanent and made in a
manner prescribed by the Secretary.
``(2) Required action by secretary.--
``(A) In general.--The Secretary shall
proportionately reduce base acres on a farm for covered
commodities for land that has been subdivided and
developed for multiple residential units or other
nonfarming uses if the size of the tracts and the
density of the subdivision is such that the land is
unlikely to return to the previous agricultural use,
unless the producers on the farm demonstrate that the
land--
``(i) remains devoted to commercial
agricultural production; or
``(ii) is likely to be returned to the
previous agricultural use.
``(B) Requirement.--The Secretary shall establish
procedures to identify land described in subparagraph
(A).
``(3) Review and report.--Each year, to ensure, to the
maximum extent practicable, that payments are received only by
producers, the Secretary shall submit to Congress a report that
describes the results of the actions taken under paragraph (2).
``(d) Treatment of Farms With Limited Base Acres.--
``(1) Prohibition on payments.--Except as provided in
paragraph (2) and notwithstanding any other provision of this
title, a producer on a farm may not receive revenue loss
assistance program payments or counter-cyclical payments if the
sum of the base acres of the farm is 10 acres or less, as
determined by the Secretary.
``(2) Exceptions.--Paragraph (1) shall not apply to a farm
owned or operated by--
``(A) a socially disadvantaged farmer or rancher
(as defined in section 355(e) of the Consolidated Farm
and Rural Development Act (7 U.S.C. 2003(e))); or
``(B) a limited resource farmer or rancher, as
defined by the Secretary.
``(3) Data collection and publication.--The Secretary
shall--
``(A) collect and publish segregated data and
survey information about the farm profiles, utilization
of land, and crop production; and
``(B) perform an evaluation on the supply and price
of fruits and vegetables based on the effects of
suspension of base acres under this section.
``SEC. 1102. PAYMENT YIELDS.
``For the purpose of making revenue loss assistance program
payments and counter-cyclical payments under this subtitle, the
Secretary shall provide for the establishment of a payment yield for
each farm for any designated oilseed or eligible pulse crop for which a
payment yield was not established under section 1102 of the Farm
Security and Rural Investment Act of 2002 (7 U.S.C. 7912) or this
section as in effect on September 30, 2012.
``SEC. 1103. REVENUE LOSS ASSISTANCE PROGRAM.
``(a) Definitions.--In this section:
``(1) Farm.--The term `farm' means, in relation to an
eligible producer on a farm, the sum of all acreage in all
counties of the covered commodity that is planted or intended
to be planted for harvest by the eligible producer.
``(2) Noninsured crop disaster assistance program.--The
term `noninsured crop disaster assistance program' means the
program established by section 196 of the Federal Agriculture
Improvement and Reform Act of 1996 (7 U.S.C. 7333).
``(3) Socially disadvantaged farmer or rancher.--The term
`socially disadvantaged farmer or rancher' has the meaning
given the term in section 355(e) of the Consolidated Farm and
Rural Development Act (7 U.S.C. 2003(e)).
``(b) Payments Required.--Beginning with the 2013 crop year of each
covered commodity, the Secretary shall make revenue loss assistance
payments to eligible producers on farms in accordance with this
section.
``(c) Coverage Provided.--The revenue loss assistance program under
this section shall cover losses suffered by a producer with respect to
covered commodities on a farm in excess of 12 percent and up to a
maximum of 25 percent of the historic revenue of the producer.
``(d) Eligibility.--A producer on a farm shall be eligible for
assistance under this section--
``(1) in the case of each insurable covered commodity
produced on the farm (excluding grazing land), if the producer
obtains a policy or plan of insurance under subtitle A of the
Federal Crop Insurance Act (7 U.S.C. 1501 et seq.) (excluding a
crop insurance pilot program under that subtitle);
``(2) in the case of each noninsurable covered commodity
produced on the farm, if the producer files the required
paperwork, and pays the administrative fee by the applicable
State filing deadline, for the noninsured crop disaster
assistance program; or
``(3) if the producer is a socially disadvantaged farmer or
rancher.
``(e) Payment Amount.--
``(1) In general.--Subject to paragraph (2), the amount of
a revenue loss assistance payment for a covered commodity on a
farm to be paid to a producer of the covered commodity on the
farm during an applicable crop year shall equal the product
obtained by multiplying--
``(A) the per acre revenue loss of the producer for
the covered commodity on the farm, as determined under
paragraph (2)(A);
``(B) the payment factor determined under paragraph
(2)(B);
``(C) in the case of acreage that the producer was
prevented from planting, the applicable prevented
planting payment factor determined under paragraph
(2)(C); and
``(D) the payment acres on the farm determined
under paragraph (2)(D).
``(2) Revenue loss payment factors.--For purposes of
paragraph (1):
``(A) Revenue loss.--The amount of the per acre
revenue loss of the producer shall be equal to the
product obtained by multiplying--
``(i) the lesser of--
``(I) the amount that--
``(aa) 88 percent of the
historic revenue per acre
calculated under subsection
(f); exceeds
``(bb) the actual crop
revenue per acre determined
under subsection (g); or
``(II) the amount that is the
difference between--
``(aa) 88 percent of the
historic revenue per acre
calculated under subsection
(f); and
``(bb) 75 percent of the
historic revenue per acre
calculated under subsection
(f); and
``(ii) the payment acres calculated under
subparagraph (D).
``(B) Payment factor.--Except as provided in
subparagraph (C), the payment factor shall be 65
percent.
``(C) Prevented planting payment factor.--For
producers who have been prevented from planting and
have purchased a crop insurance policy under subtitle A
of the Federal Crop Insurance Act (7 U.S.C. 1501 et
seq.), the prevented planting factor shall be 45
percent.
``(D) Payment acres.--
``(i) In general.--The payment acres for a
covered commodity on a farm shall equal the sum
of--
``(I) the number of acres planted
to the covered commodity on the farm;
and
``(II) the number of acres
prevented from being planted to covered
commodity on the farm.
``(ii) Adjustment.--If the total payment
acres for all covered commodities on the farm
exceeds the total base acres for all covered
commodities on the farm, the total payment
acres for the covered commodities on the farm
shall be equal to the product obtained by
multiplying--
``(I) the total payment acres of
each covered commodity on the farm
determined under clause (i); by
``(II) the factor determined by
dividing--
``(aa) the total base acres
for all covered commodities on
the farm; by
``(bb) the total acreage
planted or prevented from being
planted to all covered
commodities on the farm.
``(f) Historic Revenue Per Acre.--
``(1) In general.--Subject to subsection (h), the historic
revenue per acre for a covered commodity produced on a farm
shall be equal to the product obtained by multiplying--
``(A) the production yield for the covered
commodity determined under paragraph (2)(A); and
``(B) the historic commodity price for the covered
commodity determined under paragraph (2)(B).
``(2) Historic revenue factors.--For purposes of paragraph
(1):
``(A) Production yield.--The production yield of a
covered commodity shall be the higher of--
``(i) a production yield based on the
weighted average of the actual production
history yields of the producer for all acreage
devoted to the covered commodity on the farm,
as determined by the Secretary;
``(ii) the weighted average of production
yields for the most recent 5 crop years for all
acreage devoted to the covered commodity on the
farm, excluding the crop years with the highest
and lowest yields, as determined by the
Secretary;
``(iii) the production yield that is equal
to--
``(I) the payment yield established
for the counter-cyclical program that
is in effect as of September 30, 2012;
or
``(II) the payment yield
established under section 1102; or
``(iv) the yield established by the
Secretary in the case of a producer on a farm
that does not have a production yield
established under clause (i), (ii), or (iii).
``(B) Historic commodity price.--The historic
commodity price for each crop of a covered commodity
produced on a farm shall be equal to the higher of--
``(i) the target price for the covered
commodity under section 1104(c); or
``(ii) subject to subparagraph (C), the
average national price (as determined by the
Secretary) for each covered commodity, by type
or variety as applicable, for the marketing
years for the immediately preceding 5 crops,
excluding the year in which the average price
received was the highest in the period and the
year in which the average price received was
the lowest in the period, as determined by the
Secretary.
``(C) Limitation.--The average national price for
each covered commodity under subparagraph (B)(ii) may
not exceed the total economic cost of production for
each covered commodity for the applicable crop year, as
determined by the Secretary.
``(g) Actual Crop Revenue Per Acre.--
``(1) In general.--Subject to subsection (h), the actual
crop revenue per acre for a covered commodity produced on a
farm during the applicable crop year shall be equal to the sum
of--
``(A) the product obtained by multiplying--
``(i) the actual yield for the covered
commodity on the farm determined under
paragraph (2)(A); and
``(ii) the average price of the covered
commodity determined under paragraph (2)(B);
and
``(B) the average amount of crop insurance
indemnities and noninsured crop disaster assistance
payments received by a producer on the farm determined
under paragraph (2)(C).
``(2) Actual crop revenue factors.--For purposes of
paragraph (1):
``(A) Actual yield.--The actual yield of a covered
commodity shall be equal to the weighted average yield
of all planted acres of the covered commodity on the
farm, as determined by the Secretary.
``(B) Average price.--
``(i) In general.--Subject to clause (ii),
the average price of a covered commodity shall
be equal to the national average price for each
covered commodity on the farm, determined by
type or class if applicable in the case of
wheat, barley, and rice, for the first 4 months
of the marketing year of the covered commodity
during which the crop of the covered commodity
would normally be expected to be harvested, as
determined by the Secretary.
``(ii) Adjustment.--The Secretary shall
adjust the average national price of a covered
commodity received by a producer on a farm to
reflect--
``(I) the average quality discounts
applied to the local or regional market
price of a crop or mechanically
harvested forage due to damage of the
covered commodity from adverse weather,
as determined annually by Secretary;
``(II) the reduced value of the
covered commodity due to excess
moisture resulting from a disaster-
related condition; or
``(III) as the Secretary determines
appropriate, regional variations in
quality recognized under the crop
insurance program under subtitle A of
the Federal Crop Insurance Act (7
U.S.C. 1501 et seq.) and the noninsured
crop disaster assistance program.
``(C) Net crop insurance indemnities.--For each
covered commodity, the average amount of crop insurance
indemnities and noninsured crop disaster assistance
payments received by a producer on a farm shall be
equal to the weighted average amount of crop insurance
indemnities less the amount of the producer-paid
premium per acre and noninsured crop disaster
assistance payments per acre received by the producer.
``(h) Exclusion of Ghost Acres.--
``(1) In general.--Except as provided in paragraph (2), any
crop subsequently planted on land determined for purposes of
the Federal crop insurance program to be prevented planting
acreage during the same crop year shall not be considered in
calculating the historic revenue per acre or the actual crop
revenue per acre for the farm under this section.
``(2) Exception.--Paragraph (1) shall not apply to a farm
that, as determined by the Secretary--
``(A) has a history of double-cropping; and
``(B) is located in an area in which double-
cropping is an acceptable agricultural practice for
purposes of the Federal crop insurance program.
``SEC. 1104. AVAILABILITY OF COUNTER-CYCLICAL PAYMENTS.
``(a) Payment Required.--For each of the 2013 through 2017 crop
years for each covered commodity, the Secretary shall make counter-
cyclical payments to producers on farms for which payment yields and
base acres are established with respect to the covered commodity if the
Secretary determines that the effective price for the covered commodity
is less than the target price for the covered commodity.
``(b) Effective Price.--
``(1) Covered commodities other than rice.--Except as
provided in paragraph (2), for purposes of subsection (a), the
effective price for a covered commodity is equal to the higher
of the following:
``(A) The national average market price received by
producers during the first 4 months of the marketing
year for the covered commodity, as determined by the
Secretary.
``(B) The national average loan rate for a
marketing assistance loan for the covered commodity in
effect for the applicable period under subtitle B.
``(2) Rice.--In the case of long grain rice and medium
grain rice, for purposes of subsection (a), the effective price
for each type or class of rice is equal to the higher of the
following:
``(A) The national average market price received by
producers during the first 4 months of the marketing
year for the type or class of rice, as determined by
the Secretary.
``(B) The national average loan rate for a
marketing assistance loan for the type or class of rice
in effect for the applicable period under subtitle B.
``(c) Target Price.--For purposes of each of the 2013 through 2017
crop years, the target prices for covered commodities shall be as
follows:
``(1) Wheat, $4.17 per bushel.
``(2) Corn, $2.63 per bushel.
``(3) Grain sorghum, $2.63 per bushel.
``(4) Barley, $2.63 per bushel.
``(5) Oats, $1.79 per bushel.
``(6) Upland cotton, $0.65 per pound.
``(7) Long grain rice, $10.50 per hundredweight.
``(8) Medium grain rice, $10.50 per hundredweight.
``(9) Soybeans, $6.00 per bushel.
``(10) Other oilseeds, $12.68 per hundredweight.
``(11) Dry peas, $8.32 per hundredweight.
``(12) Lentils, $12.81 per hundredweight.
``(13) Small chickpeas, $10.36 per hundredweight.
``(14) Large chickpeas, $12.81 per hundredweight.
``(15) Peanuts, $495 per ton.
``(d) Payment Rate.--The payment rate used to make counter-cyclical
payments with respect to a covered commodity for a crop year shall be
equal to the difference between--
``(1) the target price for the covered commodity; and
``(2) the effective price determined under subsection (b)
for the covered commodity.
``(e) Payment Amount.--If counter-cyclical payments are required to
be paid under this section for any of the 2013 through 2017 crop years
of a covered commodity, the amount of the counter-cyclical payment to
be paid to the producers on a farm for that crop year shall be equal to
the product of the following:
``(1) The payment rate specified in subsection (d).
``(2) The counter-cyclical payment acres of the covered
commodity on the farm.
``(3) The payment yield for the covered commodity for the
farm.
``(f) Time for Payments.--If the Secretary determines under
subsection (a) that counter-cyclical payments are required to be made
under this section for the crop of a covered commodity, as soon as
practicable after the end of the first 4 months of the marketing year
for the covered commodity, the Secretary shall make the counter-
cyclical payments for the crop.
``SEC. 1105. PRODUCER AGREEMENT REQUIRED AS CONDITION OF PROVISION OF
PAYMENTS.
``(a) Compliance With Certain Requirements.--
``(1) Requirements.--Before the producers on a farm may
receive revenue loss assistance program payments or counter-
cyclical payments with respect to the farm, the producers shall
agree, during the crop year for which the payments are made and
in exchange for the payments--
``(A) to comply with applicable conservation
requirements under subtitle B of title XII of the Food
Security Act of 1985 (16 U.S.C. 3811 et seq.);
``(B) to comply with applicable wetland protection
requirements under subtitle C of title XII of that Act
(16 U.S.C. 3821 et seq.);
``(C) to comply with the planting flexibility
requirements of section 1106;
``(D) to use the land on the farm, in a quantity
equal to the attributable base acres for the farm for
an agricultural or conserving use, and not for a
nonagricultural commercial, industrial, or residential
use, as determined by the Secretary; and
``(E) to effectively control noxious weeds and
otherwise maintain the land in accordance with sound
agricultural practices, as determined by the Secretary,
if the agricultural or conserving use involves the
noncultivation of any portion of the land referred to
in subparagraph (D).
``(2) Compliance.--The Secretary may issue such rules as
the Secretary considers necessary to ensure producer compliance
with the requirements of paragraph (1).
``(3) Modification.--At the request of the transferee or
owner, the Secretary may modify the requirements of this
subsection if the modifications are consistent with the
objectives of this subsection, as determined by the Secretary.
``(b) Transfer or Change of Interest in Farm.--
``(1) Termination.--
``(A) In general.--Except as provided in paragraph
(2), a transfer of (or change in) the interest of the
producers on a farm in base acres for which revenue
loss assistance program payments or counter-cyclical
payments are made shall result in the termination of
the revenue loss assistance program payments or
counter-cyclical payments to the extent the payments
are made or based on the base acres, unless the
transferee or owner of the acreage agrees to assume all
obligations under subsection (a).
``(B) Effective date.--The termination shall take
effect on the date determined by the Secretary.
``(2) Exception.--If a producer entitled to a revenue loss
assistance program payment or counter-cyclical payment dies,
becomes incompetent, or is otherwise unable to receive the
payment, the Secretary shall make the payment, in accordance
with rules issued by the Secretary.
``(c) Reports.--
``(1) Acreage reports.--As a condition on the receipt of
any benefits under this subtitle or subtitle B, the Secretary
shall require producers on a farm to submit to the Secretary
annual acreage reports with respect to all cropland on the
farm.
``(2) Penalties.--No penalty with respect to benefits under
this subtitle or subtitle B shall be assessed against the
producers on a farm for an inaccurate acreage report unless the
producers on the farm knowingly and willfully falsified the
acreage report.
``(d) Tenants and Sharecroppers.--In carrying out this subtitle,
the Secretary shall provide adequate safeguards to protect the
interests of tenants and sharecroppers.
``(e) Sharing of Payments.--The Secretary shall provide for the
sharing of revenue loss assistance program payments and counter-
cyclical payments among the producers on a farm on a fair and equitable
basis.
``SEC. 1106. PLANTING FLEXIBILITY.
``(a) Definition of Noncovered Commodity.--In this section, the
term `noncovered commodity' means--
``(1) fruits;
``(2) vegetables; and
``(3) wild rice.
``(b) Permitted Crops.--Subject to subsection (c), any commodity or
crop (other than a controlled substance) may be planted on base acres
on a farm.
``(c) Reduction in Base Acres.--
``(1) In general.--Subject to paragraph (2), for each crop
year for which a noncovered commodity is planted on base acres
on a farm, the total base acres used to calculate revenue loss
assistance program payments and counter-cyclical payments shall
be reduced by an acre for each acre planted to the noncovered
commodity.
``(2) Double-cropping.--In any region or on any farm that
has a history of double-cropping of covered commodities with
noncovered commodities, as determined by the Secretary, a
producer may receive full revenue loss assistance program
payments and counter-cyclical payments for crops of covered
commodities, but no payments for crops of noncovered
commodities.
``SEC. 1107. SPECIAL RULE FOR LONG GRAIN AND MEDIUM GRAIN RICE.
``(a) Calculation Method.--Subject to subsections (b) and (c), for
the purposes of determining the amount of the revenue loss assistance
program payments and counter-cyclical payments to be paid to the
producers on a farm for long grain rice and medium grain rice under
sections 1103 and 1104, respectively, the base acres of rice on the
farm shall be apportioned using the 4-year average of the percentages
of acreage planted in the applicable State to long grain rice and
medium grain rice during the 2003 through 2006 crop years, as
determined by the Secretary.
``(b) Producer Election.--As an alternative to the calculation
method described in subsection (a), the Secretary shall provide
producers on a farm the opportunity to elect to apportion rice base
acres on the farm using the 4-year average of--
``(1) the percentages of acreage planted on the farm to
long grain rice and medium grain rice during the 2003 through
2006 crop years;
``(2) the percentages of any acreage on the farm that the
producers were prevented from planting to long grain rice and
medium grain rice during the 2003 through 2006 crop years
because of drought, flood, other natural disaster, or other
condition beyond the control of the producers, as determined by
the Secretary; and
``(3) in the case of a crop year for which a producer on a
farm elected not to plant to long grain and medium grain rice
during the 2003 through 2006 crop years, the percentages of
acreage planted in the applicable State to long grain rice and
medium grain rice, as determined by the Secretary.
``(c) Limitation.--In carrying out this section, the Secretary
shall use the same total base acres, counter-cyclical payment acres,
and payment yields established with respect to rice under sections 1101
and 1102 of the Farm Security and Rural Investment Act of 2002 (7
U.S.C. 7911, 7912), as in effect on September 30, 2007, subject to any
adjustment under section 1101 of this Act.
``SEC. 1108. PERIOD OF EFFECTIVENESS.
``This subtitle shall be effective beginning with the 2013 crop
year of each covered commodity through the 2017 crop year.''.
SEC. 3. MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS.
(a) Loan Rates for Nonrecourse Marketing Assistance Loans.--Section
1202 of the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8732)
is amended--
(1) by redesignating subsection (d) as subsection (e); and
(2) by inserting after subsection (c) the following:
``(c) 2013 Through 2017 Crop Years.--For purposes of each of the
2013 through 2017 crop year, the loan rate for a marketing assistance
loan under section 1201 for a loan commodity shall be equal to the
following:
``(1) In the case of wheat, $2.94 per bushel.
``(2) In the case of corn, $1.95 per bushel.
``(3) In the case of grain sorghum, $1.95 per bushel.
``(4) In the case of barley, $1.95 per bushel.
``(5) In the case of oats, $1.39 per bushel.
``(6) In the case of base quality of upland cotton--
``(A) for the 2012 crop year, $0.52 per pound; and
``(B) for the 2013 and each subsequent crop year,
the simple average of the adjusted prevailing world
price for the 2 immediately preceding marketing years,
as determined by the Secretary and announced the
October 1 preceding the next domestic plantings, but in
no case less than $0.47 per pound or more than $0.52
per pound.
``(7) In the case of extra long staple cotton, $0.7977 per
pound.
``(8) In the case of long grain rice, $6.50 per
hundredweight.
``(9) In the case of medium grain rice, $6.50 per
hundredweight.
``(10) In the case of soybeans, $5.00 per bushel.
``(11) In the case of other oilseeds, $10.09 per
hundredweight for each of the following kinds of oilseeds:
``(A) Sunflower seed.
``(B) Rapeseed.
``(C) Canola.
``(D) Safflower.
``(E) Flaxseed.
``(F) Mustard seed.
``(G) Crambe.
``(H) Sesame seed.
``(I) Other oilseeds designated by the Secretary.
``(12) In the case of dry peas, $5.40 per hundredweight.
``(13) In the case of lentils, $11.28 per hundredweight.
``(14) In the case of small chickpeas, $7.43 per
hundredweight.
``(15) In the case of large chickpeas, $11.28 per
hundredweight.
``(16) In the case of graded wool, $1.15 per pound.
``(17) In the case of nongraded wool, $0.40 per pound.
``(18) In the case of mohair, $4.20 per pound.
``(19) In the case of honey, $0.69 per pound.
``(20) In the case of peanuts, $355 per ton.''.
(b) Peanuts Marketing.--Section 1204 of the Food, Conservation, and
Energy Act of 2008 (7 U.S.C. 8734) is amended by adding at the end the
following:
``(i) Peanuts Marketing.--A marketing association or cooperative
may market peanuts for which a loan is made under this section in any
manner that conforms to consumer needs, including the separation of
peanuts by type and quality.''.
SEC. 4. EXTENSION OF EXPIRING AUTHORITIES.
(a) Food, Conservation, and Energy Act of 2008.--
(1) In general.--The following provisions of the Food,
Conservation, and Energy Act of 2008 are amended by striking
``2012'' each place it appears and inserting ``2017'':
(A) Section 1201(a)(1) (7 U.S.C. 8731(a)(1)).
(B) Section 1205(a)(2)(B) (7 U.S.C. 8735(a)(2)(B)).
(C) Subsections (a) and (d) of section 1206 (7
U.S.C. 8736).
(D) Subsections (a)(2) and (b) of section 1209 (7
U.S.C. 8739).
(E) Section 1307(a)(1) (7 U.S.C. 8757(a)(1)).
(F) Subsections (g) and (h)(1) of section 1506 (7
U.S.C. 8773).
(G) Section 1602 (7 U.S.C. 8782).
(H) Section 1605(h) (7 U.S.C. 8783(h)).
(I) Subsections (b)(2)(A) and (c) of section 1612
(7 U.S.C. 8787).
(J) Section 1613(c) (7 U.S.C. 8788(c)).
(K) Section 1621(d) (7 U.S.C. 8792(d)).
(2) Other amendments.--
(A) Adjustment of prevailing world market price for
upland cotton.--Section 1204(e)(2)(B) of the Food,
Conservation, and Energy Act of 2008 (7 U.S.C.
8734(e)(2)(B)) is amended by striking ``July 31, 2013''
and inserting ``July 31, 2018''.
(B) Special marketing loan provisions for upland
cotton.--Section 1207(a)(2)(A) of the Food,
Conservation, and Energy Act of 2008 (7 U.S.C.
8737(a)(2)(A)) is amended by striking ``July 31, 2013''
and inserting ``July 31, 2018''.
(C) Special competitive provisions for extra long
staple cotton.--Section 1208(a) of the Food,
Conservation, and Energy Act of 2008 (7 U.S.C. 8738(a))
is amended in the matter preceding paragraph (1) by
striking ``July 31, 2013'' and inserting ``July 31,
2018''.
(D) Dairy product price support program.--Section
1501(b) of the Food, Conservation, and Energy Act of
2008 (7 U.S.C. 8771(b)) is amended by striking
``December 31, 2012'' and inserting ``December 31,
2017''.
(E) Dairy forward pricing program.--Section 1502(e)
of the Food, Conservation, and Energy Act of 2008 (7
U.S.C. 8772(e)) is amended--''
(i) in paragraph (1), by striking
``September 30, 2012'' and inserting
``September 30, 2017''; and
(ii) in paragraph (2), by striking
``September 30, 2015'' and inserting
``September 30, 2020''.
(b) Other Laws.--The following provisions of law are amended by
striking ``2012'' each place it appears and inserting ``2017'':
(1) The matter preceding subparagraph (A) of section
359b(a)(1) of the Agricultural Adjustment Act of 1938 (7 U.S.C.
1359bb(a)(1)).
(2) Section 359l(a)of the Agricultural Adjustment Act of
1938 (7 U.S.C. 1359ll(a)).
(3) Section 153(a) of the Food Security Act of 1985 (15
U.S.C. 713a-14(a)).
(4) Section 3 of Public Law 90-484 (7 U.S.C. 450l).
(5) Section 113(e)(2) of the Dairy Production Stabilization
Act of 1983 (7 U.S.C. 4504(e)(2)).
(6)(A) Section 156 of the Federal Agriculture Improvement
and Reform Act of 1996 (7 U.S.C. 7272) is amended--
(i) in subsection (a)(5), by striking ``the 2012
crop year'' and inserting ``each of the 2013 through
2017 crop years'';
(ii) in subsection (b)(2), by striking ``2012'' and
inserting ``2017''; and
(iii) in subsection (i), by striking ``2012'' and
inserting ``2017''.
(B) Section 1402 of the Food, Conservation, and Energy Act
of 2008 (7 U.S.C. 3602 note; Public Law 110-246) is amended by
striking ``2007'' and inserting ``2012''.
(c) Technical Corrections.--
(1) Section 359f(c)(1)(B) of the Agricultural Adjustment
Act of 1938 (7 U.S.C. 1359ff(c)(1)(B)) is amended by adding a
period at the end.
(2) Section 1603(g) of the Food, Conservation, and Energy
Act of 2008 (Public Law 110-246; 122 Stat. 1739) is amended in
paragraphs (2) through (6) and the amendments made by those
paragraphs by striking ``1703(a)'' each place it appears and
inserting ``1603(a)''.
(3) This paragraph and the amendments made by this
paragraph take effect as if included in the Food, Conservation,
and Energy Act of 2008 (Public Law 110-246; 122 Stat. 1651).
SEC. 5. REPEAL OF DIRECT PAYMENT AND ACRE PROGRAMS.
(a) Food, Conservation, and Energy Act of 2008.--
(1) The table of contents in section 1(b) of the Food,
Conservation, and Energy Act of 2008 (122 Stat. 1651; 7 U.S.C.
8701 note) is amended in the items relating to title I--
(A) by striking the items relating to subtitle A
and inserting the following:
``Subtitle A--Revenue Loss Assistance Program and Counter-Cyclical
Program
``Sec. 1101. Base acres.
``Sec. 1102. Payment yields.
``Sec. 1103. Revenue loss assistance program.
``Sec. 1104. Availability of counter-cyclical payments.
``Sec. 1105. Producer agreement required as condition of provision of
payments.
``Sec. 1106. Planting flexibility.
``Sec. 1107. Special rule for long grain and medium grain rice.
``Sec. 1108. Period of effectiveness.'';
and
(B) by striking the items relating to subtitle C.
(2) Section 1206(b) of the Food, Conservation, and Energy
Act of 2008 (7 U.S.C. 8736(b)) is amended--
(A) in paragraph (1)(B)(ii), by striking ``the
payment yield in effect for the calculation of direct
payments under subtitle A with respect to that loan
commodity on the farm or, in the case of a farm without
a payment yield for that loan commodity,''; and
(B) in paragraph (2)(B)(ii), by striking ``the
payment yield in effect for the calculation of direct
payments under subtitle A with respect to wheat on the
farm or, in the case of a farm without a payment yield
for wheat,''.
(b) Food Security Act of 1985.--
(1) Section 1001 of the Food Security Act of 1985 (7 U.S.C.
1308) is amended by striking subsections (b) and (c) and
inserting the following:
``(b) Limitation on Revenue Loss Assistance Program Payments and
Counter-Cyclical Payments for Covered Commodities.--The total amount of
revenue loss assistance program payments and counter-cyclical program
payments received, directly or indirectly, by a person or legal entity
for any crop year under subtitle A of title I of the Food,
Conservation, and Energy Act of 2008 (7 U.S.C. 8711 et seq.) for 1 or
more covered commodities may not exceed $105,000.''.
(2) Section 1001D of the Food Security Act of 1985 (7
U.S.C. 1308-3a) is amended--
(A) in subsection (b)(1)--
(i) by striking subparagraphs (A) and (B)
and inserting the following:
``(A) In general.--Notwithstanding any other
provision of law, a person or legal entity shall not be
eligible to receive any benefit described in
subparagraph (B) during a crop, fiscal, or program
year, as appropriate, if the average adjusted gross
income of the person or legal entity exceeds
$999,000.'';
(ii) by redesignating subparagraph (C) as
subparagraph (B); and
(iii) in subparagraph (B) (as so
designated) by striking clause (i) and
inserting the following:
``(i) A revenue loss assistance program
payment or counter-cyclical payment under title
I of the Food, Conservation, and Energy Act of
2008 (7 U.S.C. 8702 et seq.).''; and
(B) in subsection (f), by striking ``2012'' and
inserting ``2017''.
SEC. 6. SUPPLEMENTAL COVERAGE OPTION.
(a) Availability of Supplemental Coverage Option.--Section 508(c)
of the Federal Crop Insurance Act (7 U.S.C. 1508(c)) is amended by
striking paragraph (3) and inserting the following:
``(3) Yield and loss basis options.--A producer shall have
the option of purchasing additional coverage based on--
``(A)(i) an individual yield and loss basis; or
``(ii) an area yield and loss basis; or
``(B) an individual yield and loss basis,
supplemented with coverage based on an area yield and
loss basis to cover a part of the deductible under the
individual yield and loss policy, as described in
paragraph (4)(C).''.
(b) Level of Coverage.--Section 508(c) of the Federal Crop
Insurance Act (7 U.S.C. 1508(c)) is amended by striking paragraph (4)
and inserting the following:
``(4) Level of coverage.--
``(A) Dollar denomination.--Except as provided in
subparagraph (C), the level of coverage shall be
dollar-denominated.
``(B) Information.--The Corporation shall provide
producers with information on catastrophic risk and
additional coverage in terms of dollar coverage (within
the allowable limits of coverage provided in this
paragraph).
``(C) Supplemental coverage option.--
``(i) In general.--Notwithstanding
subparagraph (A), in the case of the
supplemental coverage option described in
paragraph (3)(B), the Corporation shall offer
producers the opportunity to purchase coverage
in combination with an individual policy or
plan of insurance (other than catastrophic risk
protection) offered under this subtitle that
would allow indemnities to be paid to a
producer equal to part of the deductible under
the individual policy or plan of insurance, if
sufficient area data is available (as
determined by the Corporation).
``(ii) Trigger.--Coverage offered under
paragraph (3)(B) and clause (i) shall be
triggered only if the losses in the area exceed
25 percent of normal levels (as determined by
the Corporation).
``(iii) Coverage.--Subject to the trigger
described in clause (ii) and the deductible
required under clause (iv), coverage offered
under paragraph (3)(B) and clause (i) shall
cover the first loss incurred by the producer
but not to exceed the difference between--
``(I) 75 percent; and
``(II) the coverage level selected
by the producer for the underlying
policy or plan of insurance.
``(iv) Deductible.--Coverage offered under
paragraph (3)(B) and clause (i) shall be
subject to a deductible in an amount equal to
25 percent of the expected value of the crop of
the producer under the underlying policy or
plan of insurance, as determined by the
Corporation.
``(v) Required terms.--The supplemental
coverage option shall be offered to producers
of an agricultural commodity in each county in
which the agricultural commodity is produced--
``(I) at a county-wide level to the
fullest extent practicable; or
``(II) in a county that lacks
sufficient data, on the basis of such
larger geographical area as the
Corporation determines to provide
sufficient data for purposes of
providing the coverage.
``(vi) Premium amount.--Notwithstanding
subsection (d), the premium shall--
``(I) be sufficient to cover
anticipated losses and a reasonable
reserve; and
``(II) include an amount for
operating and administrative expenses
established in accordance with
subsection (k)(4)(F), but not to exceed
6 percent of the premium used to define
the loss ratio for the supplemental
coverage option.''.
(c) Premium.--Section 508(d)(2)(B) of the Federal Crop Insurance
Act (7 U.S.C. 1508(d)(2)(B)) is amended in the matter preceding clause
(i) by inserting ``or that combines an individual yield and loss basis
and an area yield and loss basis'' after ``not based on individual
yield''.
(d) Payment of Portion of Premium by Corporation.--Section
508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)(2)) is
amended by adding at the end the following:
``(H) In the case of the supplemental coverage
option described in paragraphs (3)(B) and (4)(C) of
subsection (c), the amount shall be equal to the sum
of--
``(i) not less than 70 percent of the
additional premium associated with the
coverage; and
``(ii) the amount determined under
subsection (d)(2)(B)(ii) for the coverage to
cover operating and administrative expenses.''.
(e) Data Sources.--Section 508(g)(2) of the Federal Crop Insurance
Act (7 U.S.C. 1508(g)(2)) is amended by adding at the end the
following:
``(E) Sources of yield data.--To determine yields
under the program established under this paragraph, the
Corporation shall use data collected by the Risk
Management Agency or the National Agricultural
Statistics Service, or both.''.
(f) Administrative and Operating Costs Reimbursement Rate.--Section
508(k)(4)(F) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(4)(F))
is amended by inserting ``or as authorized under section 508(c)(4)(C)''
after ``date of enactment of this subparagraph''.
(g) Effective Date.--The Federal Crop Insurance Corporation shall
begin to provide additional coverage based on an individual yield and
loss basis, supplemented with coverage based on an area yield and loss
basis, not later than for the 2013 crop year.
SEC. 7. CATASTROPHIC RISK PROTECTION PREMIUM REDUCTION.
Section 508(d)(2) of the Federal Crop Insurance Act (7 U.S.C.
1508(d)(2)) is amended by striking subparagraph (A) and inserting the
following:
``(A) Catastrophic risk protection.--
``(i) In general.--For the 2011 and
previous crop years, the amount of the premium
for catastrophic risk protection coverage shall
be sufficient to cover anticipated losses and a
reasonable reserve.
``(ii) Reduction.--For the 2012 and
subsequent crop years, the amount of the
premium for catastrophic risk protection
coverage authorized under clause (i) shall be
reduced by the percentage equal to the
difference between the average loss ratio for
each crop and 100 percent, plus a reasonable
reserve.''.
SEC. 8. ADJUSTMENT IN ACTUAL PRODUCTION HISTORY TO ESTABLISH INSURABLE
YIELDS.
Section 508(g)(4)(B) of the Federal Crop Insurance Act (7 U.S.C.
1508(g)(4)(B)) is amended by striking ``60 percent'' both places it
appears and inserting ``70 percent''.
SEC. 9. SUPPLEMENTAL AGRICULTURAL DISASTER ASSISTANCE.
(a) Definitions.--Section 531(a) of the Federal Crop Insurance Act
(7 U.S.C. 1531(a)) is amended--
(1) in paragraph (5)--
(A) in the matter preceding clause (i), by striking
the first ``under''; and
(B) by redesignating clauses (i) through (iii) as
subparagraphs (A), (B), and (C), respectively, and
indenting appropriately;
(2) by striking paragraph (20); and
(3) by redesignating paragraph (21) as paragraph (20).
(b) Supplemental Revenue Assistance Payments.--Section 531(b) of
the Federal Crop Insurance Act (7 U.S.C. 1531(b)) is amended--
(1) in paragraph (1)--
(A) in subparagraph (A)--
(i) by striking ``from the Trust Fund'' and
inserting ``of the Commodity Credit
Corporation''; and
(ii) by striking ``the crop year'' and
inserting ``during the period beginning on
October 1, 2011, and ending on September 30,
2012''; and
(B) in subparagraph (B), by striking ``crop of
economic significance'' and inserting ``covered
commodity (as defined in section 1001 of the Food,
Conservation, and Energy Act of 2008 (7 U.S.C. 8702))
or peanuts'';
(2) in paragraph (2)(A), in the matter preceding clause
(i), by striking ``60 percent'' and inserting ``50 percent'';
(3) in paragraph (3)(A)(i), in the matter preceding
subclause (I), by striking ``115 percent'' and inserting ``112
percent''; and
(4) in paragraph (4)--
(A) in subparagraph (A)--
(i) in clause (i)(II), by inserting ``the
first 4 months of'' after ``received for''; and
(ii) in clause (ii), by striking ``15
percent'' and inserting ``100 percent''; and
(B) in subparagraph (C), by inserting ``the first 4
months of'' after ``during the''.
(c) Livestock Indemnity Payments.--Section 531(c) of the Federal
Crop Insurance Act (7 U.S.C. 1531(c)) is amended--
(1) in paragraph (1)--
(A) by striking ``from the Trust Fund'' and
inserting ``of the funds of the Commodity Credit
Corporation for each of fiscal years 2012 through
2021''; and
(B) by inserting ``, or due to predators protected
or reintroduced by the Federal Government, as
determined by the Secretary'' before the period at the
end; and
(2) in paragraph (2), by striking ``75'' and inserting
``65''.
(d) Livestock Forage Disaster Program.--Section 531(d) of the
Federal Crop Insurance Act (7 U.S.C. 1531(d)) is amended--
(1) in paragraph (2), by striking ``from the Trust Fund''
and inserting ``of the funds of the Commodity Credit
Corporation for each of fiscal years 2012 through 2021'';
(2) by striking paragraph (5); and
(3) by redesignating paragraph (6) as paragraph (5).
(e) Emergency Assistance for Livestock, Honey Bees, and Farm-Raised
Fish.--Section 531(e)(1) of the Federal Crop Insurance Act (7 U.S.C.
1531(e)(1)) is amended by striking ``$50,000,000 per year from the
Trust Fund'' and inserting ``$20,000,000 of the funds of the Commodity
Credit Corporation for each of fiscal years 2012 through 2021''.
(f) Tree Assistance Program.--Section 531(f) of the Federal Crop
Insurance Act (7 U.S.C. 1531(f)) is amended--
(1) in paragraph (2)(A), by striking ``from the Trust
Fund'' and inserting ``of the funds of the Commodity Credit
Corporation for each of fiscal years 2012 through 2021''; and
(2) in paragraph (3)--
(A) in subparagraph (A)(i), by striking ``70'' and
inserting ``60''; and
(B) in subparagraph (B), by striking ``50'' and
inserting ``40''.
(g) Risk Management Purchase Requirement.--Section 531(g)(1) of the
Federal Crop Insurance Act (7 U.S.C. 1531(g)(1)) is amended in the
matter preceding subparagraph (A) by striking ``and (d)'' and inserting
``, (d), and (e)''.
(h) Conforming Amendments.--
(1) Section 531 of the Federal Crop Insurance Act (7 U.S.C.
1531) is amended--
(A) by striking subsection (i); and
(B) by redesignating subsections (j) and (k) as
subsections (i) and (j), respectively.
(2) Title IX of the Trade Act of 1974 (19 U.S.C. 2497 et
seq.) is repealed.
(i) Effective Date.--This section and the amendments made by this
section take effect on October 1, 2011.
SEC. 10. BUDGETARY EFFECTS.
The budgetary effects of this Act, for the purpose of complying
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by
reference to the latest statement titled ``Budgetary Effects of PAYGO
Legislation'' for this Act, submitted for printing in the Congressional
Record by the Chairman of the Senate Budget Committee, provided that
such statement has been submitted prior to the vote on passage.
SEC. 11. EFFECTIVE DATE.
Except as otherwise provided in this Act, this Act and the
amendments made by this Act take effect on October 1, 2012.
<all>
Introduced in Senate
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
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