Sec. 3001. Treatment of seed cotton

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Section 1111 of the Agricultural Act of 2014 ( 7 U.S.C. 9011 ) is amended by adding at the end the following new paragraph: The term seed cotton means unginned upland cotton that includes both lint and seed. . Section 1111(6) of the Agricultural Act of 2014 ( 7 U.S.C. 9011(6) ) is amended by adding at the end the following new sentence: Effective beginning with the 2018 crop year, the term 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 new subparagraph:

For seed cotton, $0.367 per pound. . Section 1113(d) of the Agricultural Act of 2014 ( 7 U.S.C. 9013(d) ) is amended by adding at the end the following new paragraph: Subject to subparagraph (B), 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 for purposes of subsection (e)(3) of section 1104 of the Food, Conservation, and Energy Act of 2008 ( Public Law 110–246 ; 122 Stat. 1672), as in effect immediately before the repeal of such section by section 1102(a) of the Agricultural Act of 2014 ( Public Law 113–79 ; 128 Stat. 658).

At the sole discretion of the owner of a farm with a yield described in subparagraph (A), 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 such subparagraph. . Section 1114(b) of the Agricultural Act of 2014 ( 7 U.S.C. 9014(b) ) is amended by adding at the end the following new paragraph: Not later than 90 days after the date of the 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 where 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 an amount equal to the greater of— 80 percent of the generic base acres on the farm; or the average 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 covered commodities (including seed cotton), by applying subparagraphs (B), (D), (E), and

(F)of section 1112(a)(3). In the case of a farm where 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. If the owner of a farm fails to allocate generic base acres on the farm, the owner of the farm shall be deemed to have allocated 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 new subsection: The Secretary shall maintain information on generic base acres on a farm allocated as unassigned crop base pursuant to subsection (b)(4). . Section 1115 of the Agricultural Act of 2014 ( 7 U.S.C. 9014(b) ) 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 new subsection: In the case of acres allocated on a farm to seed cotton, 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). If all of 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 all acres allocated on the farm to seed cotton. . Section 1116 of the Agricultural Act of 2014 ( 7 U.S.C. 9016(b) ) is amended by adding at the end the following new subsection: 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 of— a dividend that is equal to the sum of— the product obtained when the upland cotton lint marketing year average price is multiplied by total United States upland cotton lint production measured in pounds; and the product obtained when the cottonseed marketing year average price is multiplied by total United States cottonseed production measured in pounds; and a divisor that is equal to the sum of— total United States upland cotton lint production measured in pounds; and 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 new subsection: For purposes of section 1116(b)(2) and paragraphs (1)(B)(ii) and (2)(A)(ii)(II) of section 1117(b) only, seed cotton shall be deemed to have a loan rate equal to $0.25 per pound. Nothing in this subsection shall be construed to authorize nonrecourse marketing assistance loans under this part for seed cotton. . Section 508B of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1508b ) is amended by adding the following new subsection: Beginning with the 2018 crop year, in the case of a farm that is enrolled for a crop year in 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 such Act ( 7 U.S.C. 9017 ) and the coverage on the farm includes seed cotton, the farm shall not be eligible for a Stacked Income Protection Plan for upland cotton for that crop year. . 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 section in the manner provided under section 1601 of the Agricultural Act of 2014 ( 7 U.S.C. 9091 ). The amendments made by this section shall apply beginning with the 2018 crop year.

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