2018—Pub. L. 115–334, § 1401(k)(7)(A) substituted “Dairy margin coverage” for “Margin protection” in section catchline.
Pub. L. 115–123, § 60101(b)(1)(C)(i), substituted “month” for “consecutive 2-month period” wherever appearing.
Subsec. (a). Pub. L. 115–334, § 1401(g), added subsec. (a) and struck out former subsec. (a). Prior to amendment, text read as follows: “For purposes of receiving margin protection payments for a month, a participating dairy operation shall annually elect—
“(1) a coverage level threshold that is equal to $4.00, $4.50, $5.00, $5.50, $6.00, $6.50, $7.00, $7.50, or $8.00; and
“(2) a percentage of coverage, in 5-percent increments, beginning with 25 percent and not exceeding 90 percent of the production history of the participating dairy operation.”
Subsec. (b). Pub. L. 115–334, § 1401(k)(7)(B), substituted “dairy margin coverage” for “margin protection”.
Subsec. (c). Pub. L. 115–334, § 1401(k)(7)(B), (C), struck out “margin protection” before “payment” in heading and substituted “dairy margin coverage” for “margin protection” in text.
Subsec. (c)(2)(B). Pub. L. 115–123, § 60101(b)(1)(C)(ii), substituted “divided by 12” for “divided by 6”.
Supplemental Dairy Margin Coverage Payments
Pub. L. 116–260, div. N, title VII, § 761, Dec. 27, 2020, 134 Stat. 2109, provided that:
“(b) Eligible Dairy Operation Described.—
“(c) Supplemental Production History Calculation.—
“(2) Amount.—The amount referred to in paragraph (1) is, with respect to an eligible dairy operation, the amount equal to—
the production volume of such dairy operation
for the 2019 milk marketing year; minus
“(d) Coverage Percentage.—
“(1) In general.—
For purposes of calculating payments to be issued under this section during a calendar year, an eligible dairy operation
’s coverage percentage shall be equal to the coverage percentage selected by such eligible dairy operation
with respect to such calendar year under section 1406 of the Agricultural Act of 2014 (7 U.S.C. 9056
“(2) 5 million pound limitation.—
“(B) Determination of amount.—In calculating the total covered production history of an eligible dairy operation under subparagraph (A), the Secretary shall multiply the coverage percentage selected by such operation under section 1406 of the Agricultural Act of 2014 (7 U.S.C. 9056) by the sum of—
“(e) Premium Cost.—The premium cost for an eligible dairy operation under this section for a calendar year shall be equal to the product of multiplying—
the Tier I premium cost calculated with respect to such dairy operation
for such year under section 1407(b) of the Agricultural Act of 2014 (7 U.S.C. 9057(b)
Not later than 45 days after the date of the enactment of this section [Dec. 27, 2020
], the Secretary
shall issue regulations to carry out this section.
“(g) Prohibition With Respect to Dairy Margin Coverage Enrollment.—
“(2) Clarification with respect to supplemental dairy margin coverage payments.—
may open a special enrollment for supplemental dairy margin coverage
under this section.
“(h) Application for Calendar Year 2021.—
shall make payments under this section to eligible dairy operations
described in subsection (b)(1) for months after and including January, 2021.
The authority to make payments under this section shall terminate on December 31, 2023.
There is appropriated, out of any funds in the Treasury not otherwise appropriated, to carry out this section such sums as necessary, to remain available until the date specified in subsection (i).”
[For definition of “Secretary” as used in section 761 of div. N of Pub. L. 116–260, set out above, see section 760 of div. N of Pub. L. 116–260, set out as a note under section 5936a of this title.]