Page:United States Statutes at Large Volume 114 Part 1.djvu/441

 PUBLIC LAW 106-224-JUNE 20, 2000 114 STAT. 405 (A) the quantity of the grazed acreage on the farm with respect to which the producer elects to forgo harvesting of wheat, barley, or oats; and (B) the greater of— (i) the established yield for the crop on the feirm; or (ii) the average county)deld per harvested acre of the crop, as determined by the Secretary. (c) TIME, MANNER, AND AVAILABILITY OF PAYMENT.— (1) TIME AND MANNER.—^A payment under this section shall be made at the same time and in the same manner as loan deficiency payments are made under section 135 of the Agricultural Market Transition Act (7 U.S.C. 7235), except that the payment shall be made not later than September 30, 2001. (2) AVAILABILITY. —The Secretary shall establish an availability period for the payment authorized by this section that is consistent with the availability period for wheat, barley, and oats established by the Secretary for marketing assistance loans authorized by subtitle C of the Agricultural Market Transition Act (7 U.S.C. 7231 et seq.). (d) REGULATIONS.—The Secretary shall promulgate under section 263 such regulations as are necessary to administer the pay- ments authorized by this section in a fair and equitable manner with respect to producers of wheat and feed grains that do not receive a payment under this section. (e) BOUNDING.— The Secretary shall use funds of the Commodity Credit Corporation to carry out this section. SEC. 206. EXPANSION OF PRODUCERS ELIGIBLE FOR LOAN DEFI- 7 USC 1421note. CIENCY PAYMENTS. (a) ELIGIBLE PRODUCERS. — Section 135(a) of the Agricultural Market Transition Act (7 U.S.C. 7235(a)) is amended— (1) by striking "to producers" and inserting "to— "(1) producers"; (2) by striking the period at the end and inserting "; and"; and (3) by adding at the end the following: "(2) effective only for the 2000 crop year, producers that, Edthough not eligible to obtain such a marketing assistance loan under section 131, produce a contract commodity.". (b) CALCULATION. —Section 135(b)(2) of the Agricultural Market Transition Act (7 U.S.C. 7235(b)(2)) is amended by striking "that the producers" and all that follows through the period at the end and inserting the following: "produced by the eligible producers, excluding any quantity for which the producers obtain a loan under section 131.". (c) TRANSITION; BENEFICLVL INTEREST. —Section 135 of the Agricultural Market Transition Act (7 U.S.C. 7235) is amended by adding at the end the following: "(e) TRANSITION.—^A payment to a producer eligible for a pay- ment under subsection (a)(2) that harvested a commodity on or before the date that is 30 days after the promulgation of the regulations implementing subsection (a)(2) shall be determined as the date the producer lost beneficial interest in the commodity, as determined by the SecretEuy. "(f) BENEFICIAL INTEREST.—Subject to subsection (e), a producer shall be eligible for a payment under this section only if the producer

�