REDUCTION OF DEFICIENCY PAYMENTS FOR 1990 CROPS.

SEC. 1003. REDUCTION OF DEFICIENCY PAYMENTS FOR 1990 CROPS. (a) In General.—Effective only for the 1990 crops, title IV of the Agricultural Act of 1949 (7 U.S.C. 1421 et seq.) is amended by adding at the end the following new section: “SEC. 425. REDUCTION OF DEFICIENCY PAYMENTS FOR 1990 CROPS. “(a) In General.—Notwithstanding any other provision of law, the amount of deficiency payments made available to producers of the 1990 crops of wheat, feed grains, upland cotton, and rice under sections 107D(c), 105C(c), 103A(c), and 101A(c), respectively, shall be reduced by— “(1) in the case of wheat, 2.33 cents per bushel; “(2) in the case of corn, 2.33 cents per bushel (and a comparable amount for other feed grains, as determined by the Secretary); “(3) in the case of upland cotton, .515 cents per pound; and “(4) in the case of rice, 5.15 cents per hundredweight. “(b) Application to Advance Deficiency Payments.—To the extent practicable, the Secretary shall apply the reduction required under subsection (a) to any advance deficiency payment made available to producers of the 1990 crops under section 107C.”. (b) Technical and Conforming Amendments.— (1) Effective only for the 1990 crops of wheat, feed grains, upland cotton, and rice, section 107C(a)(2)(G) of such Act (7 U.S.C. 1445b–2(a)(2)(G)) is amended— (A) by inserting after “subsection” the following: “(taking into consideration any reduction in the payment made under section 425)”; and (B) by striking “finally” and inserting “finally”. (2) Effective only for the 1986 through 1990 crops of feed grains, section 105C(c)(1)(D)(i) of such Act (7 U.S.C. 1444e(c)(1)(D)(i)) is amended by striking “subsection (a)(4)” and inserting “subsection (a)(3)”.