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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10045 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 10045
To direct the Secretary of Agriculture to make emergency assistance
payments to agricultural producers to mitigate high input costs and low
commodity prices during crop year 2024.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 25, 2024
Mr. Kelly of Mississippi (for himself, Mr. Bishop of Georgia, Ms.
Letlow, Mr. Allen, Mr. Guest, Mr. Rogers of Alabama, Mr. Moore of
Alabama, Mr. Austin Scott of Georgia, Mr. Bacon, Mr. Crawford, Mr.
Carl, Mr. Rose, Mr. Vicente Gonzalez of Texas, Mr. Murphy, Mr. Ellzey,
Mr. Nehls, Mr. Strong, Mr. Finstad, Mr. Rouzer, Mr. Aderholt, Mr.
Fleischmann, Mrs. Fischbach, Mr. Ezell, Mr. Balderson, Mr. Tony
Gonzales of Texas, Mr. Cuellar, Mr. McCaul, Ms. De La Cruz, Mr. Higgins
of Louisiana, Mr. Collins, Mr. Fallon, Mr. Sessions, Mr. Jackson of
Texas, Mr. Kustoff, Mr. Feenstra, Mr. Carter of Texas, Mr. Lucas, Mr.
Pfluger, Mr. Palmer, Mr. Ciscomani, Mr. Carter of Georgia, Mr. Babin,
Mr. Baird, Mr. Weber of Texas, Mr. Gooden of Texas, Ms. Greene of
Georgia, Mr. Veasey, Mr. Moran, and Mr. Rulli) introduced the following
bill; which was referred to the Committee on Agriculture, and in
addition to the Committee on the Budget, for a period to be
subsequently determined by the Speaker, in each case for consideration
of such provisions as fall within the jurisdiction of the committee
concerned
_______________________________________________________________________
A BILL
To direct the Secretary of Agriculture to make emergency assistance
payments to agricultural producers to mitigate high input costs and low
commodity prices during crop year 2024.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Farmer Assistance and Revenue
Mitigation Act of 2024''.
SEC. 2. EMERGENCY ASSISTANCE PAYMENTS TO CERTAIN AGRICULTURAL
PRODUCERS.
(a) Economic Assistance Payments.--
(1) In general.--With respect to the 2024 crop year, if the
Secretary determines that the expected gross return per acre
for an eligible commodity determined under paragraph (2) is
less than the expected cost of production per acre for such
eligible commodity determined under paragraph (3), the
Secretary shall, not later than 90 days after the date of the
enactment of this section, make 1-time economic assistance
payments to each producer of such commodity during such crop
year.
(2) Expected gross return per acre.--The expected gross
return per acre for an eligible commodity shall be--
(A) in the case of corn, soybeans, wheat, cotton,
rice, sorghum, oats, and barley, equal to the product
obtained by multiplying--
(i) the projected average farm price for
the 2024-2025 marketing year in the most recent
World Agricultural Supply and Demand Estimates
published by the World Agricultural Outlook
Board; by
(ii) the national average harvested yield
per acre for the applicable eligible commodity
for the most recent 10 years, as determined by
the Secretary; and
(B) in the case of each eligible commodity not
specified in subparagraph (A), a comparable estimate of
gross returns, as determined by the Secretary.
(3) Expected cost of production per acre.--The expected
cost of production per acre for an eligible commodity shall
be--
(A) in the case of corn, soybeans, wheat, cotton,
rice, sorghum, oats, and barley, the total costs listed
for the 2024 crop year with respect to such commodity
in the most recent data product ``Cost-of-production
forecasts for major U.S. field crops'' published by the
Economic Research Service of the Department of
Agriculture; and
(B) in the case of each eligible commodity not
specified in subparagraph (A), a comparable estimate of
total production costs, as determined by the Secretary.
(4) Payment amount.--
(A) In general.--The amount of an economic
assistance payment to a producer for an eligible
commodity under paragraph (1) shall be equal to 60
percent of the amount equal to--
(i) the economic loss for the eligible
commodity; multiplied by
(ii) the eligible acres of such eligible
commodity on the farm.
(B) Economic loss.--For purposes of paragraph (1),
the economic loss for an eligible commodity shall be
equal to--
(i) the expected cost of production per
acre for the eligible commodity, as determined
under paragraph (3); minus
(ii) the expected gross return per acre for
the eligible commodity, as determined under
paragraph (2).
(C) Eligible acres.--For purposes of paragraph (1),
the eligible acres of an eligible commodity on a farm
shall be equal to--
(i) the acreage planted on the farm to the
eligible commodity for harvest, grazing,
haying, silage, or other similar purposes for
the 2024 crop year; plus
(ii) the amount equal to 50 percent of the
acreage on the farm that were prevented from
planting during the 2024 crop year to such
eligible commodity because of drought, flood,
or other natural disaster, or other condition
beyond the control of the producers on the
farm, as determined by the Secretary.
(b) Administration.--
(1) In general.--Except as provided in paragraph (2),
sections 1001, 1001A, 1001B, 1001C, and 1001D of the Food
Security Act of 1985 (7 U.S.C. 1308; 1308-1; 1308-2; 1308-3;
1308-3a) shall apply with respect to assistance provided under
this section.
(2) Exception.--The total amount of payments received
directly or indirectly by a person or legal entity (except a
joint venture or general partnership) under this section may
not exceed--
(A) $175,000, if less than 75 percent of the
average gross income of the person or legal entity for
the 2020, 2021, and 2022 tax years is derived from
farming, ranching, or silviculture activities; and
(B) $350,000, if equal to or greater than 75
percent of the average gross income of the person or
legal entity for the 2020, 2021, and 2022 tax years is
derived from farming, ranching, or silviculture
activities.
(c) Funding.--
(1) In general.--The Secretary shall use the funds,
facilities, and authorities of the Commodity Credit Corporation
in carrying out this section.
(2) Emergency designation.--Each amount provided by this
Act is designated by the Congress as being for an emergency
requirement pursuant to section 251(b)(2)(A)(i) of the Balanced
Budget and Emergency Deficit Control Act of 1985.
(3) Budgetary effects.--
(A) Statutory paygo scorecards.--The budgetary
effects of this Act shall not be entered on either
PAYGO scorecard maintained pursuant to section 4(d) of
the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C.
933(d)).
(B) Senate paygo scorecards.--The budgetary effects
of this Act shall not be entered on any PAYGO scorecard
maintained for purposes of section 4106 of H. Con. Res.
71 (115th Congress).
(d) Definitions.--In this section:
(1) Agricultural act of 2014 terms.--The terms ``covered
commodity'', ``extra long staple cotton'', ``producer'', and
``seed cotton'' have the meanings given the terms,
respectively, in section 1111 of the Agricultural Act of 2014
(7 U.S.C. 9011).
(2) Cotton.--The term ``cotton'' includes extra long staple
cotton and seed cotton.
(3) Definitions of legal entity and person.--The terms
``legal entity'' and ``person'' have the meaning given those
terms in section 1001(a) of the Food Security Act of 1985 (7
U.S.C. 1308(a)).
(4) Eligible commodity.--The term ``eligible commodity''
means a covered commodity and cotton.
(5) Rice.--The term ``rice'' includes medium grain and long
grain rice.
(6) Secretary.--The term ``Secretary'' means the Secretary
of Agriculture.
<all>
Introduced in House
Introduced in House
Referred to the Committee on Agriculture, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Agriculture, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
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