Sec. 110101. Supplemental dairy margin coverage
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Of the funds of the Commodity Credit Corporation, the Secretary of Agriculture shall provide supplemental dairy margin coverage payments to eligible dairy operations described in subsection
(b)whenever the average actual dairy production margin (as defined in section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 )) for a month is less than the coverage level threshold selected by such eligible dairy operation under such section 1406. An eligible dairy operation described in this subsection is a participating dairy operation (as defined in section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 )) that— is located in the United States; and on the date of the enactment of this section, had a production history established under the dairy margin coverage program described in section 1405 of the Agricultural Act of 2014 ( 7 U.S.C. 9055 ) of less than 5 million pounds, as determined in accordance with subsection
(c)of that Act. For purposes of determining the production history of an eligible dairy operation under this subsection, such an operation’s production history shall be equal to— the production volume of such dairy operation for the 2019 milk marketing year; minus the production history of such dairy operation established under section 1405 of the Agricultural Act of 2014 ( 7 U.S.C. 9055 ). For purposes of calculating payments to be issued under this section, an eligible dairy operation’s coverage percentage shall be equal to the coverage percentage selected by such eligible dairy operation under section 1406 of the Agricultural Act of 2014 ( 7 U.S.C. 9056 ). The Secretary shall not provide supplemental dairy margin coverage on a dairy operation’s actual production for calendar year 2019 such that the total covered production history of the operation exceeds 5 million pounds. In calculating the total covered production history of a dairy operation under subparagraph (A), the Secretary shall multiply the coverage percentage selected under section 1406 of the Agricultural Act of 2014 ( 7 U.S.C. 9056 ) by the sum of— The supplemental production history calculated under subsection
(c)with respect to such dairy operation; and The dairy margin coverage production history described in subsection (c)(2) with respect to such dairy operation. The premium cost for an eligible dairy operation under this section shall be equal to the product of multiplying— the Tier I premium cost calculated under section 1407(b) of the Agricultural Act of 2014 (7 12 U.S.C. 9057(b) ); by the production history calculation determined under subsection
(c)(such that total covered production history does not exceed 5 million pounds). Not later than 45 days after the date of the enactment of this section, the Secretary shall issue regulations to carry out this section. The authority to carry out this section shall begin on January 1, 2020.
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- 12 USC 9057(b)
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