HONEY PRICE SUPPORT.

SEC. 1001. HONEY PRICE SUPPORT. Title II of the Agricultural Act of 1949 (7 U.S.C. 1446 et seq.) (as amended by section 901 of this Act) is further amended by adding at the end the following new section: “SEC. 207. HONEY PRICE SUPPORT. “(a) In General.— For each of the 1991 through 1995 crops of honey, the price of honey shall be supported through loans, purchases, or other operations at not less than 53.8 cents per pound. “(b) Marketing Loan Provisions.— The Secretary may permit a producer to repay a loan made to the producer under this section for a crop at a level that is the lesser of— 104 STAT. 3489 “(1) the loan level determined for the crop; or “(2) such level as the Secretary determines will— “(A) minimize the number of loan forfeitures; “(B) not result in excessive total stocks of honey; “(C) reduce the costs incurred by the Federal Government in storing honey; and “(D) maintain the competitiveness of honey in the domestic and export markets. “(c) Loan Deficiency Payments.— “(1) In general.— The Secretary shall, for each of the 1991 through 1995 crops of honey, make payments available to producers who, although eligible to obtain a loan under subsection (b), agree to forgo obtaining the loan in return for payments under this subsection. “(2) Computation.— A payment under this subsection shall be computed by multiplying— “(A) the loan payment rate; by “(B) the quantity of honey the producer is eligible to place under loan but for which the producer forgoes obtaining the loan in return for payments under this subsection. “(3) Loan payment rate.— For purposes of this subsection, the loan payment rate shall be the amount by which— “(A) the loan level determined for the crop under subsection (a); exceeds “(B) the level at which a loan may be repaid under subsection (b). “(4) Marketing certificates.— The Secretary may make payments under this section available in the form of certificates redeemable for any agricultural commodity owned by the Commodity Credit Corporation. “(d) Pledging Adulterated or Imported Honey as Collateral.— “(1) In general.— If the Secretary determines that a person has knowingly pledged adulterated or imported honey as collateral to secure a loan made under this section, the person, in addition to any other penalty or sanction prescribed by law, shall be ineligible for a loan, purchase, or payment under this section for the 3 crop years succeeding the determination. “(2) Adulterated honey.— For purposes of paragraph (1), honey shall be considered adulterated if— “(A) any substance has been substituted wholly or in part for the honey; “(B) the honey contains a poisonous or deleterious substance that may render the honey injurious to health, except that in any case in which the substance is not added to the honey, the honey shall not be considered adulterated if the quantity of the substance in or on the honey does not ordinarily render it injurious to health; or “(C) for any other reason, the honey is unsound, unhealthy, unwholesome, or otherwise unfit for human consumption. “(e) Payment Limitations.— “(1) In general.— The total amount of payments that a person may receive under this section may not exceed— “(A) $200,000 in the 1991 crop year; “(B) $175,000 in the 1992 crop year; “(C) $150,000 in the 1993 crop year; and 104 STAT. 3490 “(D) $125,000 in each of the 1994 and subsequent crop years. “(2) Payments.— For the purposes of this subsection, the term ‘payments’ means— “(A) any gain realized by a producer from repaying a loan for a crop of honey at a lower level than the original loan level under this section; and “(B) any loan deficiency payment received under subsection (c). “(3) Person.— The Secretary shall issue regulations defining the term ‘person’ for the purposes of this section. The regulations shall provide for the attribution of payments received under this section. “(f) Regulations.— The Secretary may issue such regulations as the Secretary determines necessary to carry out this section. “(g) Commodity Credit Corporation.— The Secretary shall carry out the program authorized by this section through the Commodity Credit Corporation. “(h) Assignment of Payments.— The provisions of section 8(g) of the Soil Conservation and Domestic Allotment Act (16 U.S.C. 590h(g)) (relating to assignment of payments) shall apply to payments under this section. “(i) Crops.— Notwithstanding any other provision of law, this section shall be effective only for the 1991 through 1995 crops of honey.”.