12 2 STA T . 1 695PUBLIC LA W 11 0– 2 4 6 —J U NE 1 8, 2008 (4)REVI E WOFADJUSTM E N TS .—TheS e cr e ta r ym ay re vi e w the op eratio n o f the u p l an d cotton q uality ad j u s tments imple - mented pursuant to this su b section and may ma k e further revisions to the administration of the loan pro g ram for upland cotton , by— ( A ) revoking or revising any actions taken under para- graph ( 2 )( B )
or (B) revoking or revising any actions taken or author- i z ed to be taken under paragraph (2)( C ). (e) RI C E.—The Secretary shall not make adjustments in the loan rates for long grain rice and medium grain rice, e x cept for differences in grade and quality (including milling yields). Subti t leC—P e an ut sSEC.130 1. D E FIN I T I O NS. I n this subtitle
( 1 ) BASE AC R ES FOR P EANUTS.— (A) IN G ENERA L .—The term ‘ ‘base acres for peanuts ’ ’ means the number of acres assigned to a farm pursuant to section 1 30 2of the F arm Security and Rural Investment Act of 2002 ( 7U .S.C. 7 95 2), as in effect on September 30, 2007, subject to any adjustment under section 1302 of this Act. (B) COVERED COMMODITIES.—The term ‘‘base acres’’, with respect to a covered commodity, has the meaning given the term in section 1101. (2) COUNTER-C Y CLICAL PAYMENT.—The term ‘‘counter- cyclical payment’’ means a payment made to producers on a farm under section 1304. (3) D IRECT PAYMENT.—The term ‘‘direct payment’’ means a direct payment made to producers on a farm under section 1303. (4) E FFECTIVE PRICE.—The term ‘‘effective price’’ means the price calculated by the Secretary under section 1304 for peanuts to determine whether counter-cyclical payments are required to be made under that section for a crop year. (5) P AYMENT ACRES.—The term ‘‘payment acres’’ means, in the case of direct payments and counter-cyclical payments— (A) except as provided in subparagraph (B), 8 5 percent of the base acres of peanuts on a farm on which direct payments or counter-cyclical payments are made; and (B) in the case of direct payments for each of the 2009 through 2011 crop years, 83.3 percent of the base acres for peanuts on a farm on which direct payments are made. ( 6 ) PAYMENT YIELD.—The term ‘‘payment yield’’ means the yield established for direct payments and the yield established for counter-cyclical payments under section 1302 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7952), as in effect on September 30, 2007, for a farm for peanuts. (7) PRODUCER.— (A) IN GENERAL.—The term ‘‘producer’’ means an owner, operator, landlord, tenant, or sharecropper that shares in the risk of producing a crop on a farm and is entitled to share in the crop available for marketing 7USC8 7 51.
�
