Sec. 1106. PRICE LOSS COVERAGE
601 words·~3 min read·
/statute-compilations/comps-15214/sec-1106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 1106 PRICE LOSS COVERAGE Section 1116 of the Agricultural Act of 2014 (7 U.S.C. 9016) is amended— ####
(1)in subsection (a)— #####
(A)by redesignating paragraphs
(1)and
(2)as subparagraphs
(A)and (B), respectively, and indenting appropriately; #####
(B)in the matter preceding subparagraph
(A)(as so redesignated)— ######
(i)by inserting “or (h)” after “subsection (a)”; and ######
(ii)by striking “ determines that, for any of the 2014 through 2018 crop years— ” and inserting > “determines that— > > > #### “(1) > > for any of the 2014 through 2018 crop years—” > ; #####
(C)in paragraph (1)(B) (as so redesignated), by striking the period at the end and inserting “; or”; and #####
(D)by adding at the end the following: > > #### “(2) > > for any of the 2019 through 2023 crop years— > > > ##### “(A) > > the effective price for the covered commodity for the crop year; is less than > > > ##### “(B) > > the effective reference price for the covered commodity for the crop year.” > ; ####
(2)in subsection (c)— #####
(A)by redesignating paragraphs
(1)and
(2)as clauses
(i)and (ii), respectively, and indenting appropriately; #####
(B)in the matter preceding clause
(i)(as so redesignated), by striking “ The payment rate ” and inserting the following: > > #### “(1) In general > > > ##### “(A) 2014 through 2018 crop years > > For the 2014 through 2018 crop years, the payment rate” > ; #####
(C)in paragraph
(1)(as so designated), by adding at the end the following: > > ##### “(B) 2019 through 2023 crop years > > For the 2019 through 2023 crop years, the payment rate shall be equal to the difference between— > > > ###### “(i) > > the effective reference price for the covered commodity; and > > > ###### “(ii) > > the effective price determined under subsection
(b)for the covered commodity.” > ; and #####
(D)by adding at the end the following: > > #### “(2) Announcement > > Not later than 30 days after the end of each applicable 12-month marketing year for each covered commodity, the Secretary shall publish the payment rate determined under paragraph (1). > > > #### “(3) Insufficient data > > In the case of a covered commodity, such as temperate japonica rice, for which the Secretary cannot determine the payment rate for the most recent 12-month marketing year by the date described in paragraph
(2)due to insufficient reporting of timely pricing data by 1 or more nongovernmental entities, including a marketing cooperative for the covered commodity, the Secretary shall publish the payment rate as soon as practicable after the marketing year data are made available.” > ; and ####
(3)by striking subsection
(g)and inserting the following: > > ### “(g) Reference Price for Temperate Japonica Rice > > In order to reflect price premiums, the Secretary shall provide a reference price with respect to temperate japonica rice in an amount equal to the amount established under subparagraph
(F)of section 1111(19), as adjusted by paragraph
(8)of such section, multiplied by the ratio obtained by dividing— > > > #### “(1) > > the simple average of the marketing year average price of medium grain rice from the 2012 through 2016 crop years; by > > > #### “(2) > > the simple average of the marketing year average price of all rice from the 2012 through 2016 crop years.” > .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 1106
PRICE LOSS COVERAGE
Cites 1Cited by 0 across 0 sources