Page:United States Statutes at Large Volume 104 Part 5.djvu/124

 104 STAT. 3446 PUBLIC LAW 101-624—NOV. 28, 1990 "(A) the loan level determined for the crop under subsection (a); exceeds "(B) the level at which a loan may be repaid under • subsection (a). "(4) MARKETING CERTIFICATES. —The Secretary may make up to one-half the amount of a payment under this subsection available in the form of marketing certificates, subject to the terms and conditions provided in subsection (a)(5)(C). " (c) PAYMENTS. — "(1) DEFICIENCY PAYMENTS. — "(A) IN GENERAL.—The Secretary shall make available to producers payments (hereafter in this section referred to as 'deficiency payments') for each of the 1991 through 1995 crops of rice in an amount computed by multiplying— "(i) the payment rate; by "(ii) the payment acres for the crop; by "(iii) the farm program payment jdeld established for the crop for the farm. "(B) PAYMENT RATE. — "(i) PAYMENT RATE FOR 1991 THROUGH 1993 CROPS. — The payment rate for each of the 1991 through 1993 crops of rice shall be the amount by which the established price for the crop of rice exceeds the higher of— "(I) the national average market price received by producers during the first 5 months of the marketing year for the crop, as determined by the Secretary; or "(II) the loan level determined for the crop, "(ii) PAYMENT RATE OF 1994 AND 1995 CROPS. —The payment rate for the 1994 and 1995 crops of rice shall be determined in accordance with clause (i). "(ii) MINIMUM ESTABLISHED PRICE.—The established price for rice shall not be less than $10.71 per hundredweight for each of the 1991 through 1995 crops. "(C) PAYMENT ACRES.— Payment acres for a crop shall be the lesser of— "(i) the number of acres planted to the crop for harvest within the permitted acreage; or "(ii) 100 percent of the crop acreage base for the crop for the farm less the quantity of reduced acreage (as determined under subsection (e)(2)(D)). "(D) 50/92 PROGRAM. — "(i) IN GENERAL. — If an acreage limitation program under subsection (e)(2) is in effect for a crop of rice and the producers on a farm devote a portion of the maximum payment acres for rice as calculated under subparagraph (C)(ii) for equal to more than 8 percent of such rice acreage of the farm for the crop to conservation uses (except as provided in subparagraph (E))— "(I) such portion of the maximum pa5anent acres in excess of 8 percent of such acreage devoted to conservation uses (except as provided in subparagraph (E)) shall be considered to be planted to rice for the purpose of determining the acreage on the farm required to be devoted to conservation uses in accordance with subsection (e)(2)(D); and

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