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Code · STATUTE-COMPILATIONS · Food, Conservation, and Energy Act of 2008 · Sec. 10404

Sec. 10404. MARKET LOSS ASSISTANCE FOR ASPARAGUS PRODUCERS

227 words·~1 min read·/statute-compilations/comps-10237/sec-10404

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## SEC. 10404 MARKET LOSS ASSISTANCE FOR ASPARAGUS PRODUCERS ###
(a)In General As soon as practicable after the date of enactment of this Act, the Secretary shall make payments to producers of the 2007 crop of asparagus for market loss resulting from imports during the 2004 through 2007 crop years. ###
(b)Payment Rate The payment rate for a payment under this section shall be based on the reduction in revenue received by asparagus producers associated with imports during the 2004 through 2007 crop years. ###
(c)Payment Quantity The payment quantity for asparagus for which the producers on a farm are eligible for payments under this section shall be equal to the average quantity of the 2003 crop of asparagus produced by producers on the farm. ###
(d)Funding ####
(1)In general Subject to paragraph (2), the Secretary shall make available $15,000,000 of the funds of the Commodity Credit Corporation to carry out a program to provide market loss payments to producers of asparagus under this section. ####
(2)Allocation Of the amount made available under paragraph (1), the Secretary shall use— #####
(A)$7,500,000 to make payments to producers of asparagus for the fresh market; and #####
(B)$7,500,000 to make payments to producers of asparagus for the processed or frozen market. # TITLE XI LIVESTOCK * * * * * * *
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