This part keeps a second farm payment program running through 2031. It sets the trigger point at 90 percent of a benchmark for the 2025 to 2031 crop years. For those same years it sets the band of loss covered at 12 percent.
The document says “is amended”Who acts: Secretary of AgricultureHow: statuteSec. 10305 in the PDF
What the document says
“in subsection (a), in the matter preceding paragraph (1), by striking "2023" and inserting "2031";”
The section amends section 1117 of the Agricultural Act of 2014 (7 U.S.C. 9017) by striking 2023 and inserting 2031 in the matter preceding paragraph (1) of subsection (a), each place it appears in subsection (c), in the subparagraph heading of subsection (c)(4)(B), and each place it appears in subsections (e), (g)(5) and (i)(5).
What the document actually says
“in subsection (a), in the matter preceding paragraph (1), by striking "2023" and inserting "2031";”
That sentence, in plain words
The year 2023 is taken out. The year 2031 is put in. The change is made near the top of the rule.
What this is about
The same swap is made in several other spots. All of them keep the program going longer. The older law it sits in is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “is amended”Who acts: Secretary of AgricultureHow: statuteSec. 10305 in the PDF
What the document says
“by inserting "for each of the 2014 through 2024 crop years and 90 percent of the benchmark revenue for each of the 2025 through 2031 crop years" before the period at the end;”
The section inserts into paragraph (1) of subsection (c) of section 1117 of the Agricultural Act of 2014 words splitting the guarantee in two: the existing figure applies for each of the 2014 through 2024 crop years, and 90 percent of the benchmark revenue applies for each of the 2025 through 2031 crop years.
What the document actually says
“by inserting "for each of the 2014 through 2024 crop years and 90 percent of the benchmark revenue for each of the 2025 through 2031 crop years" before the period at the end;”
That sentence, in plain words
New words go in at the end of a rule. They set 90 percent of a benchmark for the 2025 to 2031 crop years.
What this is about
A benchmark is a running average of past revenue. The guarantee is the point at which the program starts paying. The older figure still holds for years up to 2024.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall apply”Who acts: Secretary of AgricultureHow: statuteSec. 10305 in the PDF
What the document says
“for each of the 2025 through 2031 crop years, 12 percent of the benchmark revenue for the crop year applicable under subsection (c).”
The section strikes subparagraph (B) of subsection (d)(1) of section 1117 of the Agricultural Act of 2014 and inserts a new one setting 10 percent of benchmark revenue for each of the 2014 through 2024 crop years and 12 percent of benchmark revenue for each of the 2025 through 2031 crop years.
What the document actually says
“for each of the 2025 through 2031 crop years, 12 percent of the benchmark revenue for the crop year applicable under subsection (c).”
That sentence, in plain words
For the 2025 to 2031 crop years the figure is 12 percent of the benchmark.
What this is about
This figure sets how deep a loss the program covers. A bigger figure means a wider band. For years up to 2024 the figure stays at 10 percent.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Each distinct thing the section does: the extension of the program's years, the new guarantee figure for the 2025 through 2031 crop years, and the wider payment band for those same years.
The separate date substitutions in subsections (c), (e), (g)(5) and (i)(5) are listed in the summary rather than recorded as their own proposals, because they make the same change in different places.
The section works entirely by amending section 1117 of the Agricultural Act of 2014, which is not indexed here, so how benchmark revenue is worked out and what the program pays cannot be checked against anything on this site.
