LIMITATION ON MARKETING LOAN GAINS AND LOAN DEFICIENCY PAYMENTS.

SEC. 813. [7 U.S.C. 1421 note] LIMITATION ON MARKETING LOAN GAINS AND LOAN DEFICIENCY PAYMENTS. (a) In General.—Notwithstanding section 1001(2) of the Food Security Act of 1985 (7 U.S.C. 1308(1)), the total amount of the payments specified in section 1001(3) of that Act that a person shall be entitled to receive under the Agricultural Market Transition Act (7 U.S.C. 7201 et seq.) for one or more contract commodities and oilseeds produced during the 1999 crop year may not exceed $150,000. (b) 1999 Marketings.—In carrying out subsection (a), the Secretary shall allow a producer that has marketed a quantity of an eligible 1999 crop for which the producer has not received a loan deficiency payment or marketing loan gain under section 134 or 135 of the Agricultural Market Transition Act (7 U.S.C. 7234, 7235) to receive such payment or gain as of the date on which the quantity was marketed or redeemed, as determined by the Secretary.