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7 U.S.C. § 9017 — Price loss coverage

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9017 — Price loss coverage

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Stable record: federal_law:legal_authorities:record_usc_8c536adcd2b0c8f56f3582a6
Source file: Laws/federal/codes/united-states-code/title-7/section-9017-price-loss-coverage--b34b3e15fd.md
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Source location: Title 7, Chapter 115, § 9017; chapter-115-agricultural-commodity-policy-and-programs.md

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**(a) Price loss coverage payments** If all of the producers on a farm make the election under subsection (a) or (h) of [section 9015 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9015&num=0&edition=prelim) to obtain price loss coverage or, subject to subsection (c)(1) of such section, are deemed to have made such election under subsection (c)(2) of such section, the Secretary shall make price loss coverage payments to producers on the farm on a covered commodity-by-covered-commodity basis if the Secretary determines that— (1) for any of the 2014 through 2018 crop years— (A) the effective price for the covered commodity for the crop year; is less than (B) the reference price for the covered commodity for the crop year; or (2) for any of the 2019 through 2031 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. **(b) Effective price** The effective price for a covered commodity for a crop year shall be the higher of— (1) the national average market price received by producers during the 12-month marketing year for the covered commodity, as determined by the Secretary; or (2) the national average loan rate for a marketing assistance loan for the covered commodity in effect for such crop year under subchapter II. **(c) Payment rate** (1) **In general** (A) *2014 through 2018 crop years* — For the 2014 through 2018 crop years, the payment rate shall be equal to the difference between— (i) the reference price for the covered commodity; and (ii) the effective price determined under subsection (b) for the covered commodity. (B) *2019 through 2031 crop years* — For the 2019 through 2031 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. (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. **(d) Payment amount** If price loss coverage payments are required to be provided under this section for any of the 2014 through 2031 crop years for a covered commodity, the amount of the price loss coverage payment to be paid to the producers on a farm for the crop year shall be equal to the product obtained by multiplying— (1) the payment rate for the covered commodity under subsection (c); (2) the payment yield for the covered commodity; and (3) the payment acres for the covered commodity. **(e) Time for payments** If the Secretary determines under this section that price loss coverage payments are required to be provided for the covered commodity, the payments shall be made beginning October 1, or as soon as practicable thereafter, after the end of the applicable marketing year for the covered commodity. **(f) Effective price for barley** In determining the effective price for barley under subsection (b), the Secretary shall use the all-barley price. **(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 paragraph (19)(A)(vi) of [section 9011 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9011&num=0&edition=prelim), 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 2017 through 2021 crop years; by (2) the simple average of the marketing year average price of all rice from the 2017 through 2021 crop years. **(h) Effective price for seed cotton** (1) **In general** — The effective price for seed cotton under subsection (b) shall be equal to the marketing year average price for seed cotton, as calculated under paragraph (2). (2) **Calculation** — The marketing year average price for seed cotton for a crop year shall be equal to the quotient obtained by dividing— (A) the sum obtained by adding— (i) the product obtained by multiplying— (I) the upland cotton lint marketing year average price; and (II) the total United States upland cotton lint production, measured in pounds; and (ii) the product obtained by multiplying— (I) the cottonseed marketing year average price; and (II) the total United States cottonseed production, measured in pounds; by (B) the sum obtained by adding— (i) the total United States upland cotton lint production, measured in pounds; and (ii) the total United States cottonseed production, measured in pounds.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9011 — Definition of Secretary of Agriculture

In this Act, the term “Secretary” means the Secretary of Agriculture.

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 9011

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9015 — Payment acres

**(a) Determination of payment acres** (1) **General rule** — For the purpose of price loss coverage and agriculture risk coverage when county coverage has been selected under [section 9015(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9015/b/1&num=0&edition=prelim), but subject to subsection (e), the payment acres for each covered commodity on a farm shall be equal to 85 percent of the base acres for the covered commodity on the farm. (2) **Effect of individual coverage** — In the case of agriculture risk coverage when individual coverage has been selected under [section 9015(b)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9015/b/2&num=0&edition=prelim), but subject to subsection (e), the payment acres for a farm shall be equal to 65 percent of the base acres for all of the covered commodities on the farm. **(b) Treatment of generic base acres** (1) **In general** — In the case of generic base acres, price loss coverage payments and agriculture risk coverage payments are made only with respect to generic base acres planted to a covered commodity for the crop year. (2) **Attribution** — With respect to a farm containing generic base acres, for the purpose of applying paragraphs (1) and (2) of subsection (a), generic base acres on the farm are attributed to a covered commodity in the following manner: (A) If a single covered commodity is planted and the total acreage planted exceeds the generic base acres on the farm, the generic base acres are attributed to that covered commodity in an amount equal to the total number of generic base acres. (B) If multiple covered commodities are planted and the total number of acres planted to all covered commodities on the farm

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 9015

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9001 — Implementation

**(a) Maintenance of base acres and payment yields** The Secretary shall maintain, for each covered commodity and upland cotton, base acres and payment yields on a farm established under sections 8702 and 8751 of this title, as adjusted pursuant to sections 8711, 8712, 8718, and 8752 of this title, as in effect on September 30, 2013, and as adjusted pursuant to sections 9012 and 9013 of this title. **(b) Streamlining** In implementing this chapter and the amendments made by this title,11 See References in Text note below. the Secretary shall— (1) continue to reduce administrative burdens and costs to producers by streamlining and reducing paperwork, forms, and other administrative requirements, to ensure that— (A) a producer (or an agent of a producer) may report information, electronically (including geospatial data) or conventionally, to the Department of Agriculture, subject to the Secretary— (i) establishing reasonable levels of tolerance that reflect the differences in accuracy between measures of common land units and geospatial data; and (ii) ensuring that discrepancies that occur within the levels of tolerance established under clause (i) shall not be used to penalize a producer (or an agent of a producer) under any program administered by the Department of Agriculture; (B) on the request of a producer (or an agent of a producer), the Department of Agriculture electronically shares with the producer (or agent) in real time and without cost to the producer (or agent) the common land unit data, related farm level data, conservation practices, and other information of the producer through a single Department of Agriculture-wide login; (C) not later than September 30, 2020, the Administrator of the Risk Management Agency and the Administrator of

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 9001

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1508b — Stacked Income Protection Plan for producers of upland cotton

**(a) Availability** Beginning not later than the 2015 crop of upland cotton, the Corporation shall make available to producers of upland cotton an additional policy (to be known as the “Stacked Income Protection Plan”), which shall provide coverage consistent with the Group Risk Income Protection Plan (and the associated Harvest Revenue Option Endorsement) offered by the Corporation for the 2011 crop year. **(b) Required terms** The Corporation may modify the Stacked Income Protection Plan on a program-wide basis, except that the Stacked Income Protection Plan shall comply with the following requirements: (1) Provide coverage for revenue loss of not less than 10 percent and not more than 30 percent of expected county revenue, specified in increments of 5 percent. The deductible shall be the minimum percent of revenue loss at which indemnities are triggered under the plan, not to be less than 10 percent of the expected county revenue. (2) Be offered to producers of upland cotton in all counties with upland cotton production— (A) at a county-wide level to the fullest extent practicable; or (B) in counties that lack sufficient data, on the basis of such larger geographical area as the Corporation determines to provide sufficient data for purposes of providing the coverage. (3) Be purchased in addition to any other individual or area coverage in effect on the producer’s acreage or as a stand-alone policy, except that if a producer has an individual or area coverage for the same acreage, the maximum coverage available under the Stacked Income Protection Plan shall not exceed the deductible for the individual or area coverage. (4) Establish coverage based on— (A) the expected price established under existing Group Risk Income Protection or area wide policy offe

Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1508b

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9012 — Definitions

In this subchapter and subchapter II: (1) **Actual crop revenue** — The term “actual crop revenue”, with respect to a covered commodity for a crop year, means the amount determined by the Secretary under [section 9017(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9017/b&num=0&edition=prelim). (2) **Agriculture risk coverage** — The term “agriculture risk coverage” means coverage provided under [section 9017 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9017&num=0&edition=prelim). (3) **Agriculture risk coverage guarantee** — The term “agriculture risk coverage guarantee”, with respect to a covered commodity for a crop year, means the amount determined by the Secretary under [section 9017(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9017/c&num=0&edition=prelim). (4) **Base acres** (A) *In general* — The term “base acres”, with respect to a covered commodity on a farm, means the number of acres in effect under sections 8702 and 8751 of this title, as adjusted pursuant to sections 8711, 8718, and 8752 of this title, as in effect on September 30, 2013, subject to any reallocation, adjustment, or reduction under [section 9012 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9012&num=0&edition=prelim). (B) *Inclusion of generic base acres* — The term “base acres” includes any generic base acres planted to a covered commodity as determined in [section 9014(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9014/b&num=0&edition=prelim). (5) **County coverage** — The term “county coverage” means agriculture risk coverage selected under [section 9015(

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9016 — Producer election

**(a) Election required** For the 2014 through 2018 crop years (except as provided in subsection (g)) and for the 2019 through 2031 crop years (subject to subsection (h)), all of the producers on a farm shall make a 1-time, irrevocable election to obtain— (1) price loss coverage under [section 9016 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9016&num=0&edition=prelim) on a covered commodity-by-covered-commodity basis; or (2) agriculture risk coverage under [section 9017 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section9017&num=0&edition=prelim). **(b) Coverage options** In the election under subsection (a) or (h), as applicable, the producers on a farm that elect to obtain agriculture risk coverage shall unanimously select whether to receive agriculture risk coverage payments based on— (1) county coverage applicable on a covered commodity-by-covered-commodity basis; or (2) individual coverage applicable to all of the covered commodities on the farm. **(c) Effect of failure to make unanimous election** If all the producers on a farm fail to make a unanimous election under subsection (a) for the 2014 crop year, the 2019 crop year, or the 2026 crop year, as applicable— (1) the Secretary shall not make any payments with respect to the farm for the 2014 crop year, the 2019 crop year, or the 2026 crop year, as applicable, under section 9016 or 9017 of this title; and (2) subject to subsection (h), the producers on the farm shall be deemed to have elected, as applicable— (A) price loss coverage for all covered commodities on the farm for the 2015 through 2018 crop years; (B) the same coverage for each covered commodity on the farm for the 2020 through 2023 crop years as was app

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 9017 — Agriculture risk coverage

Page 2269 TITLE 7—AGRICULTURE § 9017 EFFECTIVE DATE OF 2023 AMENDMENT Amendment by Pub. L. 118–22 to be applied and ad- ministered as if enacted on Sept. 30, 2023, see section 102(g) of Pub. L. 118–22, set out in an Extension of Agri- cultural Programs note under section 9001 of this title. EFFECTIVE DATE OF 2018 AMENDMENT Amendment by Pub. L. 115–123 applicable beginning with the 2018 crop year, see section 60101(a)(13) of Pub. L. 115–123, set out as a note under section 9011 of this title. § 9017. Agriculture risk coverage (a) Agriculture risk coverage payments If all of the producers on a farm make the election under section 9015(a) of this title to ob- tain agriculture risk coverage, the Secretary shall make agriculture risk coverage payments (beginning with the 2019 crop year, based on the physical location of the farm) to producers on the farm if the Secretary determines that, for any of the 2014 through 2018 crop years or the 2019 through 2023 crop years, as applicable— (1) the actual crop revenue determined under subsection (b) for the crop year; is less than (2) the agriculture risk coverage guarantee determined under subsection (c) for the crop year. (b) Actual crop revenue (1) County coverage In the case of county coverage, the amount of the actual crop revenue for a county for a crop year of a covered commodity shall be equal to the product obtained by multi- plying— (A) the actual average county yield per planted acre for the covered commodity, as determined by the Secretary; and (B) the higher of— (i) the national average market price re- ceived by producers during the 12-month marketing year for the covered com- modity, as determined by the Secretary; or (ii) the national average loan rate for a marketing assistance loan

Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 9017

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