Page:United States Statutes at Large Volume 104 Part 5.djvu/81

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3403 "(iv) allow feed grains produced in the United States to be marketed freely and competitively, both domestically and internationaly. "(5) SIMPLE AVERAGE PRICE.— For purposes of this section, the simple average price received by producers for the immediately preceding marketing year shall be based on the latest information available to the Secretary at the time of the determination. "(6) OTHER FEED GRAINS. —The Secretary shall make available to producers loans and purchases for each of the 1991 through 1995 crops of grain sorghums, barley, oats, and rye, respectively, produced on the farm at such level as the Secretary determines is fair and reasonable in relation to the level that loans and purchases are made available for com, taking into consideration the feeding value of the commodity in relation to com and other factors specified in section 401(b). "(b) LOAN DEFICIENCY PAYMENTS.— "(1) IN GENERAL.—The Secretary may, for each of the 1991 through 1995 crops of feed grains, make payments (hereafter in this section referred to as 'loan deficiency payments') available to producers who, although eligible to obtain a loan or purchase agreement under subsection (a), agree to forgo obtaining the loan or agreement in return for payments under this subsection. "(2) COMPUTATION.— A payment under this subsection shall be computed by multiplying— "(A) the loan payment rate; by "(B) the quantity of feed grains the producer is eligible to place under loan (or obtain a purchase agreement) but for which the producer forgoes obtaining the loan or agreement in return for pa3nnents under this subsection. "(3) LOAN PAYMENT RATE.— For purposes of this subsection, the loan payment rate shall be the amount by which— "(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). "(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 com, grain sorghums, oats, and barley, in an amount computed by multiplying— "(i) the payment rate; by "(ii) the payment acres for the crop; by "(iii) the farm program payment yield established for the crop for the farm. "(B) PAYMENT RATE. — "(i) PAYMENT RATE FOR 1991 THROUGH 1993 CROPS.— The pa3anent rate for each of the 1991 through 1993 crops of com, grain sorghums, oats, and barley shall be the sunount by which the established price for the respective crop of feed grains exceeds the higher of— "(I) the national weighted average market price received by producers during the first 5 months of the marketing year for the crop, as determined by the Secretary; or

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