Page:United States Statutes at Large Volume 116 Part 1.djvu/209

 PUBLIC LAW 107-171—MAY 13, 2002 116 STAT. 183 and shall be used for all aspects of the policy relating to the calculations of premium, liability, and indemnities. (3) QUALITY ADJUSTMENT.— For the purposes of quality adjustment only, the average support price per pound of peanuts shall be a price equal to 17.75 cents per pound. Quality under the crop insurance policy for peanuts shall be adjusted under procedures issued by the Federal Crop Insurance Corporation. Subtitle D—Sugar SEC. 1401. SUGAR PROGRAM. (a) EXTENSION AND MODIFICATION OF EXISTING SUGAR PRO- GRAM.—Section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is amended to read as follows: " SEC. 156. SUGAR PROGRAM. "(a) SUGARCANE. —The Secretary shall make loans available to processors of domestically grown sugarcane at a rate equal to 18 cents per pound for raw cane sugar. "(b) SUGAR BEETS. —The Secretary shall make loans available to processors of domestically grown sugar beets at a rate equal to 22.9 cents per pound for refined beet sugar. "(c) LOAN RATE ADJUSTMENTS. — "(1) IN GENERAL.— The Secretary may reduce the loan rate specified in subsection (a) for domestically grown sugarcane and subsection (b) for domestically grown sugar beets if the Secretary determines that negotiated reductions in export subsidies and domestic subsidies provided for sugar of other major sugar growing, producing, and exporting countries in the aggregate exceed the commitments made as part of the Agreement on Agriculture. "(2) EXTENT OF REDUCTION.—The Secretary shall not reduce the loan rate under subsection (a) or (b) below a rate that provides an equal measure of support to that provided by other major sugar growing, producing, and exporting countries, based on an examination of both domestic and export subsidies subject to reduction in the Agreement on Agriculture. "(3) ANNOUNCEMENT OF REDUCTION.— The Secretary shall announce any loan rate reduction to be made under this subsection as far in advance as is practicable. " (4) DEFINITIONS.—In this subsection: "(A) AGREEMENT ON AGRICULTURE.—The term "Agreement on Agriculture" means the Agreement on Agriculture referred to in section 101(d)(2) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(2)), or any amendatory or successor agreement. "(B) MAJOR SUGAR COUNTRIES.—The term "major sugar growing, producing, and exporting countries" means— "(i) the countries of the European Union; and "(ii) the 10 foreign countries not covered by subparagraph (A) that the Secretary determines produce the greatest quantity of sugar. " (d) TERM OF LOANS. —

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