12 2 STA T .964PUBLIC LA W 11 0– 2 3 4 —M A Y 22 , 200 8Sta t espric e fo raco m peti ng gro w t h ofe x tra l ong staple cotton
an d(2) the lowest priced competing growth of extra long staple cotton (ad ju sted to U nited States q ualit y and location and for other factors affecting the competiti v eness of such cotton) , as determined b y the Secretary, is less than 134 percent of the loan rate for extra long staple cotton . (c) ELIG I B L ER E C I P IE NTS . —T he Secretary shall ma k e payments available under this section to domestic users of extra long staple cotton produced in the United States and exporters of extra long staple cotton produced in the United States that enter into an agreement with the C ommodity Credit Corporation to participate in the program under this section. (d) PAYM ENT A M OU NT.—Payments under this section shall be based on the amount of the difference in the prices referred to in subsection (b)(1) during the fourth week of the consecutive 4 - week period multiplied by the amount of documented purchases by domestic users and sales for export by exporters made in the week following such a consecutive 4-week period. SEC.1209 . AV A IL A B ILI TYOFR ECO U RSE LOA N S FOR H I G H M OISTURE FEE D GRAINS AND SEED COTTON. (a) H IG HM OISTU R E F EE DG RAINS.— (1) D E F INITION OF HIGH MOISTURE STATE.— I n this sub- section, the term ‘ ‘high moisture state ’ ’ means corn or grain sorghum having a moisture content in excess of Commodity Credit Corporation standards for marketing assistance loans made by the Secretary under section 12 0 1. (2) RECOURSE LOANS A V AILABLE.—For each of the 200 8 through 2012 crops of corn and grain sorghum, the Secretary shall make available recourse loans, as determined by the Secretary, to producers on a farm that— (A) normally harvest all or a portion of their crop of corn or grain sorghum in a high moisture state; ( B ) present— (i) certified scale tickets from an inspected, cer- tified commercial scale, including a licensed warehouse, feedlot, feed mill, distillery, or other similar entity approved by the Secretary, pursuant to regulations issued by the Secretary; or (ii) field or other physical measurements of the standing or stored crop in regions of the United States, as determined by the Secretary, that do not have cer- tified commercial scales from which certified scale tickets may be obtained within reasonable proximity of harvest operation; (C) certify that they were the owners of the feed grain at the time of delivery to, and that the quantity to be placed under loan under this subsection was in fact har- vested on the farm and delivered to, a feedlot, feed mill, or commercial or on-farm high-moisture storage facility, or to a facility maintained by the users of corn and grain sorghum in a high moisture state; and (D) comply with deadlines established by the Secretary for harvesting the corn or grain sorghum and submit applications for loans under this subsection within dead- lines established by the Secretary. Certif i ca ti on.7US C 8 7 39 .
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