Page:United States Statutes at Large Volume 114 Part 1.djvu/424

 114 STAT. 388 PUBLIC LAW 106-224 —JUNE 20, 2000 " (1) AUTHORITY. —The Secretary shall provide cost share assistance to producers, in a manner determined by the Secretary, in not less than 10, nor more than 15, States in which participation in the Federal crop insurance program is historically low, as determined by the Secretary. "(2) USES. —^A producer may use cost share assistance provided under this subsection to— "(A) construct or improve— "(i) watershed management structures; or "(ii) irrigation structures; "(B) plant trees to form windbreaks or to improve water quality; "(C) mitigate financial risk through production diversification or resource conservation practices, including— "(i) soil erosion control; "(ii) integrated pest management; or "(iii) transition to organic farming; "(D) enter into futures, hedging, or options contracts in a manner designed to help reduce production, price, or revenue risk; "(E) enter into agricultural trade options as a hedging transaction to reduce production, price, or revenue risk; or "(F) conduct any other activity related to the activities described in subparagraphs (A) through (E), as determined by the Secretary. "(2) PAYMENT LIMITATION.—The total amount of payments made to a person (as defined in section 1001(5) of the Food Security Act (7 U.S.C. 1308(5))) under this subsection for any year may not exceed $50,000. " (3) COMMODITY CREDIT CORPORATION.— "(A) IN GENERAL.— The Secretary shall carry out this subsection through the Commodity Credit Corporation. "(B) FUNDING. — The Commodity Credit Corporation shall make available to carry out this subsection $10,000,000 for fiscal year 2001 and each subsequent fiscal year. ". SEC. 134. OPTIONS PILOT PROGRAM. Section 191 of the Agricultural Market Transition Act (7 U.S.C. 7331) is amended— (1) in the first sentence of subsection (b), by striking "100 counties, except that not more than 6" and inserting "300 counties, except that not more than 25"; (2) in subsection (c)(2), by inserting before the semicolon the following: "during any calendar year in which a county in which the farm of the producer is located is included in the pilot program"; and (3) in the first sentence of subsection (h), by inserting before the period at the end the following: ", except that the amount of Commodity Credit Corporation funds used to carry out this section shall not exceed, to the maximum extent practicable, $9,000,000 for fiscal year 2001, $15,000,000 for fiscal year 2002, and $2,000,000 for fiscal year 2003".

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