Sec. 60202. Supplemental dairy margin coverage payments
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The Secretary shall provide supplemental dairy margin coverage payments to eligible dairy operations described in subsection (b)(1) 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 dairy operation that— is located in the United States; and during a calendar year in which such dairy operation is a participating dairy operation (as defined in section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 )), has a production history established under the dairy margin coverage program under 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 such section 1405. An eligible dairy operation shall only be eligible for payments under this section during a calendar year in which such eligible dairy operation is enrolled in the dairy margin coverage (as defined in section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 )). For purposes of determining the production history of an eligible dairy operation under this section, such dairy operation’s production history shall be equal to— the production volume of such dairy operation for the 2019 milk marketing year; minus the dairy margin coverage 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 during a calendar year, an eligible dairy operation’s coverage percentage shall be equal to the coverage percentage selected by such eligible dairy operation with respect to such calendar year under section 1406 of the Agricultural Act of 2014 ( 7 U.S.C. 9056 ). The Secretary shall not provide supplemental dairy margin coverage on an eligible dairy operation’s actual production for a calendar year such that the total covered production history of such dairy operation exceeds 5 million pounds. In calculating the total covered production history of an eligible dairy operation under subparagraph (A), the Secretary shall multiply the coverage percentage selected by such operation 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 for a calendar year shall be equal to the product of multiplying— the Tier I premium cost calculated with respect to such dairy operation for such year under section 1407(b) of the Agricultural Act of 2014 (7 12 U.S.C. 9057(b) ); by the production history calculation with respect to such dairy operation 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 Secretary may not reopen or otherwise provide a special enrollment for dairy margin coverage (as defined in section 1401 of the Agricultural Act of 2014 ( 7 U.S.C. 9051 )) for purposes of establishing eligibility for supplemental dairy margin coverage payments under this section. The Secretary shall make payments under this section to eligible dairy operations described in subsection (b)(1) for months after and including January, 2020. The authority to make payments under this section shall terminate on December 31, 2023. Out of any amounts in the Treasury not otherwise appropriated, there is appropriated to carry out this section such sums as may be necessary.
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- 12 USC 9057(b)
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Sec. 60202
Supplemental dairy margin coverage payments
Cite12 USC 9057(b)
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