Sec. 728.

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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 cottonseed. . 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 cottonseed, $15.00 per hundredweight. . Section 1113(b) of the Agricultural Act of 2014 ( 7 U.S.C. 9013(b) ) is amended by adding at the end the following:

Subject to subparagraph (B), the payment yield for a farm for cottonseed shall be equal to 1.4 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 February 6, 2014). At the sole discretion of the owner of a farm, the owner of a farm shall have a 1-time opportunity to update the payment yield described in subparagraph

(A)in accordance with subsection (d). . Section 1114(b) of the Agricultural Act of 2014 ( 7 U.S.C. 9014(b) ) is amended by adding at the end the following: Effective for the 2018 crop year and each crop year thereafter, the Secretary shall allocate generic base acres for producers on a farm as follows: In the case of a farm on which no covered commodities (including cottonseed) were planted or were prevented from being planted at any time during each of the 2009 through 2016 crop years, 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 (A), generic base acres shall be allocated— to cottonseed base acres in a quantity equal to the greater of— subject to subparagraph (C), 80 percent of the generic base acres on the farm; and the average number of cottonseed acres planted or prevented from being planted on the farm during each of 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 cottonseed), 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 (B)(i)(I), the remaining 20 percent of generic base acres shall be allocated to unassigned crop base for which no payments may be made under section 1116 or 1117. . 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 subparagraphs

(A)and

(C)of 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 a farm on which generic base acres are attributed to cottonseed or on which generic base acres are allocated to cottonseed, the producers on the farm shall be given the opportunity to make a new 1-time election under subsection

(a)for the 2018 crop year and each crop year thereafter to reflect the designation of cottonseed as a covered commodity under section 1111(6)(B). . 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 cottonseed shall be equal to $8.00 per hundredweight. Nothing in this subsection authorizes any nonrecourse marketing assistance loan under this subtitle for cottonseed. . 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 2018 crop year, a farm shall not be eligible for the Stacked Income Protection Plan for a crop year for which the farm is enrolled in coverage for cottonseed 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 ). . 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 ). The amendments made by this subsection shall apply beginning with the 2018 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). 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 . The amendments made by this paragraph take effect on September 1, 2018. 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 coverage year by which a dairy operation shall register for the coverage 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: For the 2019 through 2023 coverage years, a dairy operation may make an irrevocable election to participate in the margin protection program. A dairy operation that elects to participate in the margin protection program under subparagraph

(A)shall participate in the margin protection program for the coverage year for which the participating dairy operation elects to participate and each subsequent coverage year through coverage year 2023. ; 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. . The amendments made by this paragraph take effect on the date of enactment of this Act. 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 $0.017 ; by striking $0.090 and inserting $0.043 ; by striking $0.217 and inserting $0.068 ; by striking $0.300 and inserting $0.094 ; and by striking $0.475 and inserting $0.153 ; in subsection (c)— by striking the subsection heading and inserting the following: Tier II: Premium Per Hundredweight for Production in Excess of 5,000,000 Pounds.— ; and in paragraph (1), by striking 4,000,000 and inserting 5,000,000 ; and in subsection (e)(2), by striking for a calendar year shall be legally obligated to pay the applicable premium for that calendar year and inserting shall be legally obligated to pay the applicable premium elected by the participating dairy operation for the coverage year . Except as provided in paragraphs (1)(D) and (2)(B), the amendments made by this subsection take effect on October 1, 2018.

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Sec. 728

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