,,ii #aaeth ,,congress #b;d ,session ,s4 #beee ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ad1 #bjah ,mrs4 ,gillibrand introduced the following bill2 which was read twice and referred to the ,committee on ,agriculture1 ,nutrition1 and ,forestry ,a ,,bill ,to amend the ,agricultural ,act of #bjad to establish the ,dairy ,farm ,sustainability ,price ,loss ,coverage ,program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,dairy ,farm ,sustainability ,act of #bjah4 #b4 ,dairy ,farm ,sustainability ,price ,loss ,coverage ,program ,part ,i of subtitle ,d of title ,i of the ,agricultural ,act of #bjad is amended by inserting after section #adjh 7#g ,u4,s4,c4 #ijeh7 the following3 #adjh;,a4 ,dairy ,farm ,sustainability ,price ,loss ,coverage ,program 7a7 ,definitions ,in this section3 7#a7 ,contracting dairy operation ,the term contracting dairy operation means a participating dairy operation that enters into a contract under subsection 7b77#a74 7#b7 ,minimum milk price ,the term minimum milk price means #bc4cd per hundredweight of milk1 as adjusted by the ,secretary for each half of each calendar year to reflect changes in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor4 7#c7 ,payment quantity ,the term payment quantity means the payment quantity established for a contracting dairy operation under subsection 7c77#c74 7b7 ,contracts 7#a7 ,in general ,the ,secretary shall offer to enter into a contract with a participating dairy operation under which the participating dairy operation may receive payments under subsection 7c74 7#b7 ,signup ,the ,secretary shall offer to enter into contracts under paragraph 7#a7 during the period that a dairy operation may register to participate in the margin protection program established under section #adjd7;b74 7#c7 ,duration of contracts 7,a7 ,in general ,except as provided in subparagraph 7,b71 a contract entered into under paragraph 7#a7 shall cover milk marketed by the contracting dairy operation during the period beginning on the first day of the month during which the contract is entered into and ending on ,december #ca1 #bjbc4 7,b7 ,violations ,if a contracting dairy operation violates a contract entered into under paragraph 7#a71 the ,secretary may-- 7i7 terminate the contract and allow the contracting dairy operation to retain any payments received under the contract2 or 7ii7 allow the contract to remain in effect and require the contracting dairy operation to repay a portion of the payments received under the contract1 based on the severity of the violation4 7c7 ,payments 7#a7 ,in general ,the ,secretary shall provide to a contracting dairy operation a payment for a month under this subsection and not under the margin protection program if the amount of the payment to the contracting dairy operation for that month under this section is greater than the amount that the contracting dairy operation would receive under the margin protection program4 7#b7 ,amount ,the amount of a payment to a contracting dairy operation under this subsection shall be equal to the product obtained by multiplying1 as determined by the ,secretary-- 7,a7 the payment quantity during the applicable month2 7,b7 the difference obtained by subtracting-- 7i7 the minimum milk price2 and 7ii7 the ,all ,milk price per hundredweight under the applicable ,federal milk marketing order2 and 7,c7 #de percent4 7#c7 ,payment quantity 7,a7 ,in general ,subject to subparagraph 7,b71 the payment quantity for a contracting dairy operation for a month shall be equal to the hundredweight of milk marketed by the contracting dairy operation during the month4 7,b7 ,limitation ,the payment quantity described in subparagraph 7,a7 for any month for a contracting dairy operation shall not exceed #d1aff hundredweight of milk4 7#d7 ,timing of payments ,the ,secretary shall make a payment to a contracting dairy operation under this subsection not later than #fj days after the last day of the month for which the payment is made4 4 #c4 ,extension of margin protection program for dairy producers ,section #adji of the ,agricultural ,act of #bjad 7#g ,u4,s4,c4 #ijei7 is amended by striking #bjah and inserting #bjbc4