,,ii #aac? ,,congress #a/ ,session ,s4 #gdf ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #ag1 #bjac ,mr4 ,c[an introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ,a ,,bill ,to am5d ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh to e/abli% a m>ket-driv5 inv5tory sy/em4 #a4 ,m>ket-driv5 inv5tory sy/em 7a7 ,9 g5]al ,subtitle ,b ( title ,i ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7#g ,u4,s4,c4 #hgca et seq47 is am5d$ by add+ at ! end ! foll[+3 #abaa4 ,m>ket-driv5 inv5tory sy/em 7a7 ,def9itions ,9 ?is section3 7#a7 ,inv5tory cap ,! t]m inv5tory cap means ! m>ket commodity-specific limitations on p>ticipation 9 ! program describ$ 9 subsection 7b77#c74 7#b7 ,m>ket commodity ,! t]m m>ket commodity means corn1 oats1 b>ley1 gra9 sorghum1 :eat1 & soybeans4 7#c7 ,program ,! t]m program means ! m>ket-driv5 inv5tory sy/em program e/abli%$ 9 accordance ) ?is section4 7#d7 ,/orage p]iod ,! t]m /orage p]iod means1 = a m>ket commodity enroll$ 9 ! program1 ! p]iod t-- 7,a7 beg9s on ! date ( enrollm5t ( ! m>ket commodity 9 ! program2 & 7,b7 ends on ! date on :i* ! ,secret>y au?orizes loan repaym5t & release "u subsection 7d74 7b7 ,rec\rse loans available 7#a7 ,9 g5]al ,subject to p>agraph 7#c71 = ea* ( ! #bjad ?r\gh #bjah crops ( ea* m>ket commodity1 ! ,secret>y %all make available rec\rse loans 9 accordance ) ?is section to produc]s on a f>m t elect to p>ticipate 9 ! program = #a or m m>ket commodities4 7#b7 ,enrollm5t 7,a7 ,9 g5]al ,enrollm5t 9 ! program %all be volunt>y & consid]$ on a roll+ basis4 7,b7 ,limitations 7i7 ,9 g5]al ,! ,secret>y may implem5t enrollm5t re/rictions if ! m>ket prices ( a m>ket commodity are close to ! rec\rse loan rate or ! release price describ$ 9 subsection 7d77#b74 7ii7 ,end ( re/rictions ,any enrollm5t re/rictions implem5t$ "u clause 7i7 = a m>ket commodity %all end z soon z ! ,secret>y det]m9es t ! #a-mon? av]age ( ! m>ket commodity is bel[ ! rec\rse loan rate = t m>ket commodity4 7#c7 ,inv5tory cap ,p>ticipation 9 ! program = corn1 :eat1 & soybeans %all be limit$ to n m ?an ! foll[+3 7,a7 ,corn1 #c1jjj1jjj1jjj bu%els4 7,b7 ,oats1 #bj1jjj1jjj bu%els4 7,c7 ,b>ley1 #dj1jjj1jjj bu%els4 7,d7 ,gra9 sorghum1 #dj1jjj1jjj bu%els4 7,e7 ,:eat1 #hjj1jjj1jjj bu%els4 7,f7 ,soybeans1 #djj1jjj1jjj bu%els4 7c7 ,/orage p]iod 7#a7 ,9 g5]al ,z a condition ( p>ticipation1 = ea* m>ket commodity t ! produc]s on a f>m enroll 9 ! program1 ! produc]s on ! f>m %all1 ?r\gh\t ! /orage p]iod-- 7,a7 /ore ! m>ket commodity2 7,b7 ma9ta9 ! m>ket commodity 9 prop] condition1 z det]m9$ by ! ,secret>y2 & 7,c7 n sell or o!rwise release into ! m>ket ! m>ket commodity4 7#b7 ,own]%ip ,dur+ ! /orage p]iod-- 7,a7 title to ! m>ket commodity %all rema9 ) ! produc]s on ! f>m1 subject to ! conditions on p>ticipation describ$ 9 p>agraph 7#a72 & 7,b7 ! ,secret>y %all h a fir/ li5 on ! m>ket commodity = :i* a rec\rse loan "u ?is section is receiv$4 7#c7 ,paym5t 7,a7 ,9 g5]al ,dur+ ! /orage p]iod1 ! ,secret>y %all make /orage paym5ts to ! produc]s on ! f>m at a rate ( #j4dj p] bu%el ( m>ket commodity p] crop ye>4 7,b7 ,duration ,! ,secret>y %all t]m9ate ! mak+ ( /orage paym5ts = a m>ket commodity to produc]s on a f>m on ! date on :i* ! release price = ! m>ket commodity is trigg]$ 9 accordance ) subsection 7d74 7d7 ,loan repaym5t & release 7#a7 ,9 g5]al ,subject to p>agraph 7#d71 ! ,secret>y %all au?orize loan repaym5t & release = a m>ket commodity on ! date on :i* ! release price = t m>ket commodity is trigg]$4 7#b7 ,release price ,! release price = a m>ket commodity %all be equal to #afj p]c5t ( ! applicable rec\rse loan rate describ$ 9 subsection 7e74 7#c7 ,produc] options ,subject to p>agraph 7#d71 once ! ,secret>y has au?oriz$ loan repaym5t & release = a m>ket commodity1 ! produc]s on a f>m may-- 7,a7 sell or o!rwise release into ! m>ket ! m>ket commodity2 or 7,b7 cont9ue to /ore ! m>ket commodity1 b )\t receiv+ additional /orage paym5ts = ! m>ket commodity4 7#d7 ,p>tial release 7,a7 ,9 g5]al ,reg>dless ( :e!r ! inv5tory cap = a m>ket commodity has be5 rea*$1 if ! ,secret>y det]m9es1 bas$ on available in=mation1 t ! total quantity ( ! m>ket commodity /or$ is s great t release ( all ( ! /or$ m>ket commodity into ! m>ket w\ld depress m>ket prices bel[ ! release level1 ! ,secret>y may e/abli% a maximum release quantity to limit ! sale & release ( ! /or$ m>ket commodity4 7,b7 ,adm9i/ration ,9 ! case ( a p>tial release describ$ 9 subp>agraph 7,a7-- 7i7 ! produc]s on a f>m t fir/ enroll$ 9 ! program %all be eligible fir/ to sell or o!rwise release into ! m>ket ! /or$ m>ket commodity2 & 7ii7 ! produc]s on a f>m t d n h ! option ( sell+ or o!rwise releas+ into ! m>ket ! /or$ m>ket commodity %all cont9ue to be eligible to receive /orage paym5ts = ! m>ket commodity4 7e7 ,rec\rse loan rates ,= purposes ( ea* ( ! #bjad ?r\gh #bjah crop ye>s1 ! rec\rse loan rate = a m>ket commodity "u ?is section %all be equal to ! foll[+3 7#a7 ,corn1 #c4ej p] bu%el4 7#b7 ,oats1 #b4di p] bu%el4 7#c7 ,b>ley1 #c4ej p] bu%el4 7#d7 ,gra9 sorghum1 #c4ej p] bu%el4 7#e7 ,:eat1 #e4bh p] bu%el4 7#f7 ,soybeans1 #h4ig p] bu%el4 7f7 ,set-,aside program 7#a7 ,9 g5]al ,if ! inv5tory cap = a m>ket commodity is rea*$ & ! m>ket price ( ! m>ket commodity is bel[ ! rec\rse loan rate = ! m>ket commodity1 ! ,secret>y may e/abli% a set-aside program "u :i* produc]s on a f>m may remove acres f production = ! foll[+ crop ye>4 7#b7 ,eligibility ,to be eligible to enroll acres 9 ! set-aside program "u p>agraph 7#a71 ! produc]s on a f>m %all be requir$ to h produc$ ! applicable m>ket commodity dur+ at lea/ #a ( ! la/ #b crop ye>s1 z det]m9$ by ! ,secret>y4 7#c7 ,requirem5ts 7,a7 ,cov] crop 7i7 ,9 g5]al ,z a condition on p>ticipation 9 ! set-aside program1 produc]s on a f>m %all be requir$ to ma9ta9 an approv$ cov] crop on all enroll$ acreage4 7ii7 ,plant+ flexibility ,produc]s on a f>m may plant any crop on acreage n enroll$ 9 ! set-aside program4 7,b7 ,secret>ial discretion ,if ! ,secret>y e/abli%es a set-aside program "u p>agraph 7#a71 ! ,secret>y %all det]m9e1 at ! discretion ( ! ,secret>y-- 7i7 ! am\nt ( ! paym5t to be made to produc]s t elect to p>ticipate 9 ! set-aside program2 7ii7 ! p]c5tage ( ! total acreage plant$ to ! m>ket commodity t ! produc]s are requir$ to remove f production z a condition ( p>ticipation2 & 7iii7 ! ext5t to :i* graz+ & o!r noncomm]cial uses ( ! l& enroll$ 9 ! set-aside program %all be p]mitt$4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #ajja ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7#g ,u4,s4,c4 #hgjb7 is am5d$-- 7,a7 9 p>agraph 7#d7-- 7i7 by /rik+ :eat1 corn1 gra9 sorghum1 b>ley1 oats2 & 7ii7 by /rik+ soybeans2 & 7,b7 9 p>agraph 7#h7-- 7i7 by /rik+ :eat1 corn1 gra9 sorghum1 b>ley1 oats2 & 7ii7 by /rik+ soybeans4 7#b7 ,section #aajc7;b7 ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7#g ,u4,s4,c4 #hgac7 is am5d$-- 7,a7 by /rik+ p>agraphs 7#a71 7#b71 7#c71 7#d71 7#e71 & 7#i72 & 7,b7 by r$esignat+ p>agraphs 7#f71 7#g71 7#h71 & 7#aj7 z p>agraphs 7#a71 7#b71 7#c71 & 7#d71 respectively4 7#c7 ,section #aajd7;c77#c7 ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7#g ,u4,s4,c4 #hgad7;c77#c77 is am5d$-- 7,a7 by /rik+ subp>agraphs 7,a71 7,b71 7,c71 7,d71 7,e71 & 7,i72 & 7,b7 by r$esignat+ subp>agraphs 7,f71 7,g71 & 7,h7 & 7,j7 ?r\gh 7,n7 z subp>agraphs 7,a71 7,b71 & 7,c7 & 7,d7 ?r\gh 7,h71 respectively4 7#d7 ,section #abjb7;c7 ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7#g ,u4,s4,c4 #hgcb7;c77 is am5d$-- 7,a7 by /rik+ p>agraphs 7#a71 7#b71 7#c71 7#d71 7#e71 & 7#aj72 & 7,b7 by r$esignat+ p>agraphs 7#f7 ?r\gh 7#i7 & 7#aa7 ?r\gh 7#ai7 z p>agraphs 7#a7 ?r\gh 7#d7 & 7#e7 ?r\gh 7#ac71 respectively4 7c7 ,application ,! am5dm5ts made by ?is section apply beg9n+ ) ! #bjad crop ( a m>ket commodity 7z def9$ 9 section #abaa7;a7 ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7z add$ by subsection 7a7774