CROP INSURANCE YIELD COVERAGE.

SEC. 604. CROP INSURANCE YIELD COVERAGE. The Federal Crop Insurance Act is amended by inserting after section 508 (7 U.S.C. 1508) the following new section: “SEC. 508A. CROP INSURANCE YIELD COVERAGE. “(a) In General.— “(1) Yield coverage.—Effective beginning with crops harvested in 1990, the Corporation may implement multiperil crop insurance underwriting rules that ensure that yield coverage, as specified in subsection (b), is provided to producers participating in the Federal crop insurance program. “(2) Application.—Such underwriting rules and yield coverage, as specified in subsection (b), shall apply to wheat, feed grains, cotton, rice, and soybeans. “(b) Yield Coverage.— “(1) General commodities.— “(A) Plans.—A crop insurance contract offered to a producer of a crop of wheat, feed grains, cotton, or rice shall make available to such producer— “(i) yield coverage based on the producer’s farm program yield for the crop established under the program for the commodity involved; or “(ii) a plan that uses the producer’s actual production history for the 5 previous crops, subject to paragraph (3), to determine the yield coverage. “(B) Commodity-by-commodity basis.—A producer may choose between the two alternatives described in subparagraph (A) on a commodity-by-commodity basis. 103 STAT. 588 “(2) Soybeans.—A crop insurance contract offered to a producer of a crop of soybeans shall be based on a yield coverage plan that uses the producer’s actual production history for the 5 previous crops, subject to paragraph (3), to determine the yield coverage. “(3) Actual production history.— “(A) Inadequate documentation.—Under a plan that uses actual production history, as provided for in paragraph (1) or (2), if the producer does not submit adequate documentation of such history for a crop— “(i) in the case of any commodity other than soybeans, the producer shall be assigned the producer’s farm program yield for that crop of the commodity; and “(ii) in the case of soybeans, the producer shall be assigned a yield equal to 100 percent of the area average yield for that crop of soybeans, as established by the Corporation. “(B) Notice of area average yields.—Area average yields applicable to any county shall be posted and available for inspection at the county office of the Agricultural Stabilization and Conservation Service. “(C) Minimum coverage.—In no case may a producer’s coverage under such plan that uses actual production history be less than the coverage established using farm program yields, or (for soybeans) 100 percent of the most recent area average yield. “(c) Use of Yield Coverage Provisions.— “(1) Notice.—The Corporation shall ensure that, whenever the yield coverage provisions of this section go into effect, producers are given adequate notice of such provisions in advance of the crop insurance sign-up period applicable to the crops to which such provisions first will apply. “(2) Sign-up period.—To the extent that the provisions of this section are made applicable to the 1990 crops, the Corporation shall ensure that the sign-up period for any 1990 crop does not end earlier than 60 days following the publication of notice of such provisions in the Federal Register.”.