NATIONAL DAIRY MARKET LOSS PAYMENTS.

SEC. 1101. NATIONAL DAIRY MARKET LOSS PAYMENTS.(a) Amount.—Section 1502(c) of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7982(c)) is amended by striking paragraph (3) and inserting the following new paragraph:“(3)(A) during the period beginning on the first day of the month the producers on a dairy farm enter into a contract under this section and ending on September 30, 2005, 45 percent; “(B) during the period beginning on October 1, 2005, and ending on August 31, 2007, 34 percent; and120 STAT. 5“(C) during the period beginning on September 1, 2007, 0 percent.”.(b) Duration.—Section 1502 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7982) is amended by striking “2005” each place it appears in subsections (f) and (g)(1) and inserting “2007”.(c) Conforming Amendments.—Section 1502 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7982) is amended—(1) in subsection (g)(1), by striking “and subsection (h)”; and(2) by striking subsection (h).