H.R. 7030 — Introduced in House

I 116th CONGRESS 2d Session H. R. 7030 IN THE HOUSE OF REPRESENTATIVES May 27, 2020Mr. Hagedorn (for himself and Mr. Emmer) introduced the following bill; which was referred to the Committee on Agriculture A BILL To provide emergency assistance to covered producers for market-ready swine losses due to the COVID–19 pandemic, and for other purposes. 1. Emergency assistance for market-ready swine losses (a) In general Of the funds of the Commodity Credit Corporation, the Secretary shall use $1,200,000,000 to provide emergency relief to covered producers to aid in the reduction of intentional depopulation losses of swine due to the closure or the reduction in processing capacity of a processing plant related to the COVID–19 pandemic. (b) Valuation In determining the amount of losses for purposes of the payment rates under subsection (a), the Secretary shall use the average sales price, as determined by the Secretary in collaboration with the Chief Economist of the Department of Agriculture and the Administrator of the Agricultural Marketing Service, for market-ready swine on April 19, 2020. In no case shall the payment made under subsection (a) with respect to the losses of a covered producer exceed the actual market value of market-ready livestock on the day on which the covered producer began to suffer such losses. (c) Eligible losses A covered producer shall be eligible for losses described in subsection (a) incurred on or after April 19, 2020. (d) Definitions In this section: (1) Covered producer The term covered producer means a person or legal entity that assumes the production and market risks associated with the agricultural production of swine (as such terms are defined in section 2(a) of the Packers and Stockyards Act, 1921 (7 U.S.C. 183(a))). (2) Secretary The term Secretary means the Secretary of Agriculture.