Sec. 60102. Emergency assistance for market-ready livestock and poultry losses
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The Secretary shall make payments to covered producers to offset losses related to the intentional depopulation of market-ready livestock and poultry due to insufficient regional processing access related to the COVID–19 public health emergency, as determined by the Secretary. For a period of 30 days beginning, with respect to a covered producer, on the initial date of depopulation described in subsection
(a)of the market-ready livestock or poultry of the covered producer, the Secretary shall reimburse such covered producer for 85 percent of the value of losses as determined under subsection (c). For each 30-day period subsequent to the 30-day period described in paragraph (1), the Secretary shall reduce the value of the losses as determined under subsection
(c)with respect to a covered producer by 10 percent. In calculating the amount of losses for purposes of the payment rates under subsection (b), the Secretary shall use the average fair market value, as determined by the Secretary in collaboration with the Chief Economist of the Department of Agriculture and the Administrator of the Agricultural Marketing Service, for market-ready livestock, where applicable, and market-ready poultry, where applicable, during the period beginning March 1, 2020, and ending on the date of the enactment of this section. In no case shall a payment made under subsection
(b)exceed the average market value of market-ready livestock or poultry on the date of depopulation. The Secretary may not make payments under this section for the losses of packer-owned animals. In this section: The term covered producer means a person or legal entity that assumes the production and market risks associated with the agricultural production of livestock and poultry (as such terms are defined in section 2(a) of the Packers and Stockyards Act, 1921 ( 7 U.S.C. 183(a) ). The term packer has the meaning given the term in section 201 of the Packers and Stockyards Act, 1921 ( 7 U.S.C. 191 ). The term Secretary means the Secretary of Agriculture. There is appropriated, out of any funds in the Treasury not otherwise appropriated, such sums as may be necessary to carry out this section.
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