Page:United States Statutes at Large Volume 104 Part 2.djvu/409

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PUBLIC LAW 101-508—NOV. 5, 1990 Subtitle A—Commodity Programs 104 STAT. 1388-1 SEC. 1101. TRIPLE BASE FOR DEFICIENCY PAYMENTS. (a) WHEAT. —Section 107B(c)(l)(C)(ii) of the Agricultural Act of 1949 (as added by section 301 of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended by striking "100 percent" and inserting "85 percent". (b) FEED GRAINS. —Section 105B(c)(l)(C)(ii) of the Agricultural Act of 1949 (as added by section 401 of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended by striking "100 percent" and inserting "85 percent". (c) UPLAND COTTON.— Section 103B(c)(l)(C)(ii) of the Agricultural Act of 1949 (as added by section 501 of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended by striking "10() percent" and inserting "85 percent". (d) RICE.— Section 101B(c)(l)(C)(ii) of the Agricultural Act of 1949 (as added by section 601 of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended by striking "100 percent" and inserting "85 percent". SEC. 1102. CALCULATION OF DEFICIENCY PAYMENTS BASED ON 12- MONTH AVERAGE. (a) WHEAT.—Clause (ii) of section 107B(c)(l)(B) of the Agricultural Act of 1949 (as added by section 301 of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended to read as follows: " (ii) PAYMENT RATE OF 1994 AND 1995 CROPS. — The payment rate for each of the 1994 and 1995 crops of wheat shall be the amount by which the established price for the crop of wheat exceeds the higher of— "(I) the lesser of— "(aa) the national weighted average market price received by producers during the marketing year for the crop, as determined by the Secretary; or "(bb) the national weighted average market price received by producers during the first 5 months of the marketing year for the crop, as determined by the Secretary, plus 10 cents per bushel; or "(II) the loan level determined for the crop, prior to any adjustment made under subsection (a)(3) for the marketing year for the crop of wheat.". Qa) FEED GRAINS. —Clause (ii) of section 105B(c)(l)(B) of the Agricultural Act of 1949 (as added by section 401 of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended to read as follows: " (ii) PAYMENT RATE OF 1994 AND 1995 CROPS. — The payment rate for each of the 1994 and 1995 crops of corn, grain sorghums, oats, and barley shall be the amount by which the established price for the respective crop of feed grains exceeds the higher of— "(I) the lesser of— "(aa) the national weighted average market price received by producers during the marketing year for the crop, as determined by the Secretary; or 7 USC 1445b-3a. 7 USC 1444f. 7 USC 1444-2. 7 USC 1441-2.