Sec. 1115. Producer election
316 words·~1 min read·
/bill/113/hr/2642/enr/section-1115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the 2014 through 2018 crop years, all of the producers on a farm shall make a 1-time, irrevocable election to obtain— price loss coverage under section 1116 on a covered commodity-by-covered-commodity basis; or agriculture risk coverage under section 1117. In the election under subsection (a), the producers on a farm that elect under paragraph
(2)of such subsection to obtain agriculture risk coverage under section 1117 shall unanimously select whether to receive agriculture risk coverage payments based on— county coverage applicable on a covered commodity-by-covered-commodity basis; or individual coverage applicable to all of the covered commodities on the farm. If all the producers on a farm fail to make a unanimous election under subsection
(a)for the 2014 crop year— the Secretary shall not make any payments with respect to the farm for the 2014 crop year under section 1116 or 1117; and the producers on the farm shall be deemed to have elected price loss coverage under section 1116 for all covered commodities on the farm for the 2015 through 2018 crop years. If all the producers on a farm select county coverage for a covered commodity under subsection (b)(1), the Secretary may not make price loss coverage payments under section 1116 to the producers on the farm with respect to that covered commodity. If all the producers on a farm select individual coverage under subsection (b)(2), in addition to the selection and election under this section applying to each producer on the farm, the Secretary shall consider, for purposes of making the calculations required by subsections (b)(2) and (c)(3) of section 1117, the producer’s share of all farms in the same State— in which the producer has an interest; and for which individual coverage has been selected. The Secretary shall ensure that producers on a farm do not reconstitute the farm to void or change an election or selection made under this section.