MISCELLANEOUS AMENDMENTS RELATING TO THE FOOD, AGRICULTURE, CONSERVATION, AND TRADE ACT OF 1990.

SEC. 114. MISCELLANEOUS AMENDMENTS RELATING TO THE FOOD, AGRICULTURE, CONSERVATION, AND TRADE ACT OF 1990. (a) In General.— The Food, Agriculture, Conservation, and Trade Act of 1990 (Public Law 101–624; 104 Stat. 3359) is amended— (1) in section 1124 (7 U.S.C. 1445e note; 104 Stat. 3506), by striking “warehouse” both places it appears and inserting “warehousemen”; (2) in section 1156 (7 U.S.C. 1421 note), by striking subsection (b) and inserting the following new subsection: “(b) Funds.— The Corporation shall expend such funds as may be required to conduct the pilot program for futures options contract trading in the manner specified in this subtitle and the regulations issued, and contracts entered into, to carry out this subtitle, except that funds of the Corporation may not be used to carry out this subtitle unless the Secretary, in the sole discretion of the Secretary, determines in advance that such funds shall be used for this purpose.”; (3) in section 1353 (7 U.S.C. 1622 note; 104 Stat. 3567), by striking “et seq” and inserting “et seq.”; (4) in section 2241 (7 U.S.C. 1421 note; 104 Stat. 3963)— 105 STAT. 1839 (A) in subsection (a)(4)(A), by inserting “extra long staple cotton,” after “upland cotton,” each place it appears; (B) in subsection (b)(1), by inserting “extra long staple cotton,” after “upland cotton,”; and (C) in subsection (b)(4), by inserting “extra long staple cotton,” after “upland cotton,”; (5) in section 2243(b)(2)(A) (7 U.S.C. 1421 note; 104 Stat. 3966), by striking “to harvest” and inserting “for harvest”; (6) in section 2249 (7 U.S.C. 1421 note; 104 Stat. 3972), by striking “chapter” and inserting “subchapter” each place it appears; (7) in section 2250(b)(1) (7 U.S.C. 1421 note; 104 Stat. 3973), by striking “cotton” and inserting “upland cotton, extra long staple cotton”; (8) in section 2257 (7 U.S.C. 1421 note; 104 Stat. 3974), by striking “chapter” and inserting “subchapter” each place it appears; (9) in section 2258 (7 U.S.C. 1421 note; 104 Stat. 3975), by striking “chapter” and inserting “subchapter”; (10) in section 2259 (7 U.S.C. 1421 note; 104 Stat. 3975), by striking “chapter” and inserting “subchapter”; (11) in section 2263 (7 U.S.C. 1421 note; 104 Stat. 3975), by striking “chapter” and inserting “subchapter” each place it appears; (12) in section 2265 (7 U.S.C. 1421 note; 104 Stat. 3976), by striking “chapter” and inserting “subchapter”; (13) in section 2266(a) (7 U.S.C. 1421 note; 104 Stat. 3976), by striking “subchapter” and inserting “chapter”; (14) in section 2267 (7 U.S.C. 1421 note; 104 Stat. 3976)— (A) in subsection (a), by striking “subchapter” and inserting “chapter” each place it appears; and (B) in subsection (b), by striking “chapter 1” and inserting “this chapter”’ (15) in section 2268(b) (7 U.S.C. 1421 note; 104 Stat. 3976), by striking “subchapter” and inserting “chapter”; and (16) in section 2271 (7 U.S.C. 1421 note; 104 Stat. 3977), by striking “payment of ” and inserting “payments or”. (b) Price Support for High Moisture Feed Grains.— (1) In general.— Section 105B of the Agricultural Act of 1949 (7 U.S.C. 14440 is amended— (A) by redesignating subsection (q) as subsection (r); and (B) by inserting after subsection (p) the following new subsection: “(q) Price Support for High Moisture Feed Grains.— “(1) Recourse loans.— Notwithstanding any other provision of law, effective for each of the 1991 through 1995 crops of feed grains, the Secretary (through the Commodity Credit Corporation) shall make available recourse loans, as determined by the Secretary, to producers on a farm who— “(A) normally harvest all or a portion of their crop of feed grains in a high moisture state, hereinafter in this subsection defined as a feed grain having a moisture content in excess of Commodity Credit Corporation standards for loans made by the Secretary under paragraphs (1) and (6) of subsection (a); “(B) (i) present certified scale tickets from an inspected, certified commercial scale, including licensed warehouses,105 STAT. 1840 feedlots, feed mills, distilleries, or other similar entities approved by the Secretary, pursuant to regulations issued by the Secretary; or “(ii) present field or other physical measurements of the standing or stored feed grain crop in regions of the country, as determined by the Secretary, that do not have certified commercial scales from which certified scale tickets may be obtained within reasonable proximity of harvest operation; “(C) certify that they were the owners of the feed grain at the time of delivery to, and that the quantity to be placed under loan was in fact harvested on the farm and delivered to, a feedlot, feed mill, or commercial or on-farm high-moisture storage facility, or to such facilities maintained by the users of such high-moisture feed grain; “(D) comply with deadlines established by the Secretary for harvesting the feed grain and submit applications for loans within deadlines established by the Secretary; and “(E) participate in an acreage limitation program for the crop of feed grains established by the Secretary. “(2) Eligibility of acquired feed grains.— The loans shall be made on a quantity of feed grains of the same crop acquired by the producer equivalent to a quantity determined by multiplying— “(A) the acreage of the feed grain in a high moisture state harvested on the producer’s farm; by “(B) the lower of the farm program payment yield or the actual yield on a field, as determined by the Secretary, that is similar to the field from which such high moisture feed grain was obtained.”. (2) Conforming amendment.— Section 404 of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 1444f–l) is repealed.