Page:United States Statutes at Large Volume 103 Part 1.djvu/615

 PUBLIC LAW 101-82—AUG. 14, 1989 103 STAT. 587 "(ivXD The obligation of a handler to export peanuts in Exports, quantities described in this subparagraph shall be reduced by a shrinkage allowance, to be determined by the Secretary, to reflect actual dollar value shrinkage experienced by handlers in commercial operations, except that such allowance shall not be less than 4y2 percent, except as provided in subclause (II). "(II) The Secretary may provide a lower shrinkage allowance for a handler who fails to comply with restrictions on the use of peanuts, as may be specified by the Commodity Credit Corpora- tion, to take into account common industry practices.". SEC. 602. ADVANCED DEFICIENCY REPAYMENT DEADLINE FOR 1988 CROPS. Section 201(b)(4) of the Disaster Assistance Act of 1988 (7 U.S.C. 1421 note) is amended by striking "July 31, 1989" and inserting " July 31, 1990". SEC. 603. PLANTING OF ALTERNATE CROPS ON PERMITTED ACREAGE. (a) IN GENERAL. — Subparagraph (E)(i) of section 504(b)(2) of the Agricultural Act of 1949 (7 U.S.C. 1464(b)(2)) (as amended by the Act entitled "An Act to amend the Agricultural Act of 1949 for the 1990 crops to allow the planting of alternative crops on permitted acreage and to amend the provisions regarding the designation of farm acreage base as acreage base established for oats") is amended by inserting "mung bean, mustard," after "milkweed,". Oa) EFFECTIVE DATE.—The amendment made by subsection (a) 7 USC i464note. shall become effective 1 day after the date of enactment of the Act so entitled. SEC. 604. CROP INSURANCE YIELD COVERAGE. The Federal Crop Insurance Act is amended by inserting after section 508 (7 U.S.C. 1508) the following new section: " SEC. 508A. CROP INSURANCE YIELD COVERAGE. 7 USC 1508a. "(a) IN GENERAL. — "(1) YIELD COVERAGE.— Effective beginning with crops har- vested in 1990, the Corporation may implement multiperil crop insurance underwriting rules that ensure that yield coverage, as specified in subsection (b), is provided to producers participat- ing in the Federal crop insurance program. (2) APPLICATION. —Such underwriting rules and yield cov- erage, as specified in subsection (b), shall apply to wheat, feed grains, cotton, rice, and soybeans. "(b) YIELD COVERAGE. — Contracts. "(1) GENERAL COMMODITIES.— "(A) PLANS.—A crop insurance contract offered to a pro- ducer of a crop of wheat, feed grains, cotton, or rice shall make available to such producer— "(i) jrield coverage based on the producer's farm pro- gram yield for the crop established under the program for the commodity involved; or "(ii) a plan that uses the producer's actual production history for the 5 previous crops, subject to paragraph (3), to determine the yield coverage. " (B) CoMMODiTY-BY -coMMODiTY BASIS. —A producer may choose between the two alternatives described in subpara- , graph (A) on a commodity-by-commodity basis. ,,„

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