Sec. 60101.

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Section 1111(6) of the Agricultural Act of 2014 ( 7 U.S.C. 9011(6) ) is amended— by striking The term and inserting the following: The term ; and by adding at the end the following: Effective beginning with the 2018 crop year, the term covered commodity includes seed cotton. . Section 1111(18) of the Agricultural Act of 2014 ( 7 U.S.C. 9011(18) ) is amended by adding at the end the following: For seed cotton, $0.367 per pound. . Section 1111 of the Agricultural Act of 2014 ( 7 U.S.C. 9011 ) is amended— by redesignating paragraphs

(20)through

(24)as paragraphs

(21)through (25), respectively; and by inserting after paragraph

(19)the following: The term seed cotton means unginned upland cotton that includes both lint and seed. . Section 1113 of the Agricultural Act of 2014 ( 7 U.S.C. 9013 ) is amended by adding at the end the following: Subject to paragraph (2), the payment yield for seed cotton for a farm shall be equal to 2.4 times the payment yield for upland cotton for the farm established under section 1104(e)(3) of the Food, Conservation, and Energy Act of 2008 ( 7 U.S.C. 8714(e)(3) ) (as in effect on September 30, 2013). At the sole discretion of the owner of a farm with a yield for upland cotton described in paragraph (1), the owner of the farm shall have a 1-time opportunity to update the payment yield for upland cotton for the farm, as provided in subsection (d), for the purpose of calculating the payment yield for seed cotton under paragraph (1). . Section 1114(b) of the Agricultural Act of 2014 ( 7 U.S.C. 9014(b) ) is amended by adding at the end the following: Not later than 90 days after the date of enactment of this paragraph, the Secretary shall require the owner of a farm to allocate all generic base acres on the farm under subparagraph

(B)or (C), or both. In the case of a farm on which no covered commodities (including seed cotton) were planted or were prevented from being planted at any time during the 2009 through 2016 crop years, the owner of such farm shall allocate generic base acres on the farm to unassigned crop base for which no payments may be made under section 1116 or 1117. In the case of a farm not described in subparagraph (B), the owner of such farm shall allocate generic base acres on the farm— subject to subparagraph (D), to seed cotton base acres in a quantity equal to the greater of— 80 percent of the generic base acres on the farm; or the average number of seed cotton acres planted or prevented from being planted on the farm during the 2009 through 2012 crop years (not to exceed the total generic base acres on the farm); or to base acres for covered commodities (including seed cotton), by applying subparagraphs (B), (D), (E), and

(F)of section 1112(a)(3). In the case of a farm on which generic base acres are allocated under subparagraph (C)(i), the residual generic base acres shall be allocated to unassigned crop base for which no payments may be made under section 1116 or 1117. In the case of a farm not described in subparagraph

(B)for which the owner of the farm fails to make an election under subparagraph (C), the owner of the farm shall be deemed to have elected to allocate all generic base acres in accordance with subparagraph (C)(i). . Section 1114 of the Agricultural Act of 2014 ( 7 U.S.C. 9014 ) is amended by adding at the end the following: The Secretary shall maintain information on generic base acres on a farm allocated as unassigned crop base under subsection (b)(4). . Section 1115 of the Agricultural Act of 2014 ( 7 U.S.C. 9015 ) is amended— in subsection (a), by striking For and inserting Except as provided in subsection (g), for ; and by adding at the end the following: In the case of acres allocated to seed cotton on a farm, all of the producers on the farm shall be given the opportunity to make a new 1-time election under subsection

(a)to reflect the designation of seed cotton as a covered commodity for that crop year under section 1111(6)(B). If all the producers on a farm fail to make a unanimous election under paragraph (1), the producers on the farm shall be deemed to have elected price loss coverage under section 1116 for acres allocated on the farm to seed cotton. . Section 1116 of the Agricultural Act of 2014 ( 7 U.S.C. 9016 ) is amended by adding at the end the following: The effective price for seed cotton under subsection

(b)shall be equal to the marketing year average price for seed cotton, as calculated under paragraph (2). The marketing year average price for seed cotton for a crop year shall be equal to the quotient obtained by dividing— the sum obtained by adding— the product obtained by multiplying— the upland cotton lint marketing year average price; and the total United States upland cotton lint production, measured in pounds; and the product obtained by multiplying— the cottonseed marketing year average price; and the total United States cottonseed production, measured in pounds; by the sum obtained by adding— the total United States upland cotton lint production, measured in pounds; and the total United States cottonseed production, measured in pounds. . Section 1202 of the Agricultural Act of 2014 ( 7 U.S.C. 9032 ) is amended by adding at the end the following: For purposes of section 1116(b)(2) and paragraphs (1)(B)(ii) and (2)(A)(ii)(II) of section 1117(b), the loan rate for seed cotton shall be deemed to be equal to $0.25 per pound. Nothing in this subsection authorizes any nonrecourse marketing assistance loan under this subtitle for seed cotton. . Section 508B of the Federal Crop Insurance Act ( 7 U.S.C. 1508b ) is amended by adding at the end the following: Effective beginning with the 2019 crop year, a farm shall not be eligible for the Stacked Income Protection Plan for upland cotton for a crop year for which the farm is enrolled in coverage for seed cotton under— price loss coverage under section 1116 of the Agricultural Act of 2014 ( 7 U.S.C. 9016 ); or agriculture risk coverage under section 1117 of that Act ( 7 U.S.C. 9017 ). . Section 1114(b)(2) of the Agricultural Act of 2014 ( 7 U.S.C. 9014(b)(2) ) is amended by striking paragraphs (1)(B) and (2)(B) and inserting paragraphs

(1)and

(2). The Secretary of Agriculture shall carry out the amendments made by this subsection in accordance with section 1601 of the Agricultural Act of 2014 ( 7 U.S.C. 9091 ). Except as provided in paragraph (10), the amendments made by this subsection shall apply beginning with the 2018 crop year. Section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 ) is amended— by striking paragraph (4); and by redesignating paragraphs

(5)through

(11)as paragraphs

(4)through (10), respectively. Section 1402(b)(1) of the Agricultural Act of 2014 ( 7 U.S.C. 9052(b)(1) ) is amended by striking consecutive 2-month period each place it appears and inserting month . Section 1406 of the Agricultural Act of 2014 ( 7 U.S.C. 9056 ) is amended— by striking consecutive 2-month period each place it appears and inserting month ; and in subsection (c)(2)(B), by striking 6 and inserting 12 . Section 1404 of the Agricultural Act of 2014 ( 7 U.S.C. 9054 ) is amended— in subsection (b)— in paragraph (1), by inserting , including the establishment of a date each calendar year by which a dairy operation shall register for the calendar year before the period at the end; by redesignating paragraphs

(2)and

(3)as paragraphs

(3)and (4), respectively; and by inserting after paragraph

(1)the following: The Secretary shall extend the election period for the 2018 calendar year by not less than 90 days after the date of enactment of the Bipartisan Budget Act of 2018 or such additional period as the Secretary determines is necessary for dairy operations to make new elections to participate for that calendar year, including dairy operations that elected to so participate before that date of enactment. ; and in subsection (c), by adding at the end the following: A limited resource, beginning, veteran, or socially disadvantaged farmer, as defined by the Secretary, shall be exempt from the administrative fee under this subsection. . Section 1405(a) of the Agricultural Act of 2014 ( 7 U.S.C. 9055(a) ) is amended by adding at the end the following: A production history established for a dairy operation under paragraph

(1)shall be the base production history for the dairy operation in subsequent years (as adjusted under paragraph (2)). . Section 1407 of the Agricultural Act of 2014 ( 7 U.S.C. 9057 ) is amended— in subsection (b)— by striking the subsection heading and inserting the following: ; Tier I: Premium per hundredweight for first 5,000,000 pounds of production .— in paragraph (1), by striking 4,000,000 and inserting 5,000,000 ; and in paragraph (2)— by striking $0.010 and inserting None ; by striking $0.025 and inserting None ; by striking $0.040 and inserting $0.009 ; by striking $0.055 and inserting $0.016 ; by striking $0.090 and inserting $0.040 ; by striking $0.217 and inserting $0.063 ; by striking $0.300 and inserting $0.087 ; and by striking $0.475 and inserting $0.142 ; and in subsection (c)— by striking the subsection heading and inserting the following: ; and Tier II: Premium per hundredweight for production in excess of 5,000,000 pounds .— in paragraph (1), by striking 4,000,000 and inserting 5,000,000 . The amendments made by this subsection shall apply beginning with the 2018 calendar year. Section 523(b) of the Federal Crop Insurance Act ( 7 U.S.C. 1523(b) ) is amended by striking paragraph (10). Section 516 of the Federal Crop Insurance Act ( 7 U.S.C. 1516 ) is amended in subsections (a)(2)(C) and (b)(1)(D) by striking subsections (a)(3)(E)(ii) and (b)(10) of section 523 each place it appears and inserting subsection (a)(3)(E)(ii) of that section .

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Sec. 60101

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