H.R. 10045

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10045 Introduced in House (IH)]

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118th CONGRESS
2d Session
H. R. 10045

To direct the Secretary of Agriculture to make emergency assistance 
payments to agricultural producers to mitigate high input costs and low 
commodity prices during crop year 2024.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

October 25, 2024

Mr. Kelly of Mississippi (for himself, Mr. Bishop of Georgia, Ms. 
Letlow, Mr. Allen, Mr. Guest, Mr. Rogers of Alabama, Mr. Moore of 
Alabama, Mr. Austin Scott of Georgia, Mr. Bacon, Mr. Crawford, Mr. 
Carl, Mr. Rose, Mr. Vicente Gonzalez of Texas, Mr. Murphy, Mr. Ellzey, 
Mr. Nehls, Mr. Strong, Mr. Finstad, Mr. Rouzer, Mr. Aderholt, Mr. 
Fleischmann, Mrs. Fischbach, Mr. Ezell, Mr. Balderson, Mr. Tony 
Gonzales of Texas, Mr. Cuellar, Mr. McCaul, Ms. De La Cruz, Mr. Higgins 
of Louisiana, Mr. Collins, Mr. Fallon, Mr. Sessions, Mr. Jackson of 
Texas, Mr. Kustoff, Mr. Feenstra, Mr. Carter of Texas, Mr. Lucas, Mr. 
Pfluger, Mr. Palmer, Mr. Ciscomani, Mr. Carter of Georgia, Mr. Babin, 
Mr. Baird, Mr. Weber of Texas, Mr. Gooden of Texas, Ms. Greene of 
Georgia, Mr. Veasey, Mr. Moran, and Mr. Rulli) introduced the following 
bill; which was referred to the Committee on Agriculture, and in 
addition to the Committee on the Budget, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
of such provisions as fall within the jurisdiction of the committee 
concerned

_______________________________________________________________________

A BILL

To direct the Secretary of Agriculture to make emergency assistance 
payments to agricultural producers to mitigate high input costs and low 
commodity prices during crop year 2024.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Farmer Assistance and Revenue 
Mitigation Act of 2024''.

SEC. 2. EMERGENCY ASSISTANCE PAYMENTS TO CERTAIN AGRICULTURAL 
PRODUCERS.

(a) Economic Assistance Payments.--
(1) In general.--With respect to the 2024 crop year, if the 
Secretary determines that the expected gross return per acre 
for an eligible commodity determined under paragraph (2) is 
less than the expected cost of production per acre for such 
eligible commodity determined under paragraph (3), the 
Secretary shall, not later than 90 days after the date of the 
enactment of this section, make 1-time economic assistance 
payments to each producer of such commodity during such crop 
year.
(2) Expected gross return per acre.--The expected gross 
return per acre for an eligible commodity shall be--
(A) in the case of corn, soybeans, wheat, cotton, 
rice, sorghum, oats, and barley, equal to the product 
obtained by multiplying--
(i) the projected average farm price for 
the 2024-2025 marketing year in the most recent 
World Agricultural Supply and Demand Estimates 
published by the World Agricultural Outlook 
Board; by
(ii) the national average harvested yield 
per acre for the applicable eligible commodity 
for the most recent 10 years, as determined by 
the Secretary; and
(B) in the case of each eligible commodity not 
specified in subparagraph (A), a comparable estimate of 
gross returns, as determined by the Secretary.
(3) Expected cost of production per acre.--The expected 
cost of production per acre for an eligible commodity shall 
be--
(A) in the case of corn, soybeans, wheat, cotton, 
rice, sorghum, oats, and barley, the total costs listed 
for the 2024 crop year with respect to such commodity 
in the most recent data product ``Cost-of-production 
forecasts for major U.S. field crops'' published by the 
Economic Research Service of the Department of 
Agriculture; and
(B) in the case of each eligible commodity not 
specified in subparagraph (A), a comparable estimate of 
total production costs, as determined by the Secretary.
(4) Payment amount.--
(A) In general.--The amount of an economic 
assistance payment to a producer for an eligible 
commodity under paragraph (1) shall be equal to 60 
percent of the amount equal to--
(i) the economic loss for the eligible 
commodity; multiplied by
(ii) the eligible acres of such eligible 
commodity on the farm.
(B) Economic loss.--For purposes of paragraph (1), 
the economic loss for an eligible commodity shall be 
equal to--
(i) the expected cost of production per 
acre for the eligible commodity, as determined 
under paragraph (3); minus
(ii) the expected gross return per acre for 
the eligible commodity, as determined under 
paragraph (2).
(C) Eligible acres.--For purposes of paragraph (1), 
the eligible acres of an eligible commodity on a farm 
shall be equal to--
(i) the acreage planted on the farm to the 
eligible commodity for harvest, grazing, 
haying, silage, or other similar purposes for 
the 2024 crop year; plus
(ii) the amount equal to 50 percent of the 
acreage on the farm that were prevented from 
planting during the 2024 crop year to such 
eligible commodity because of drought, flood, 
or other natural disaster, or other condition 
beyond the control of the producers on the 
farm, as determined by the Secretary.
(b) Administration.--
(1) In general.--Except as provided in paragraph (2), 
sections 1001, 1001A, 1001B, 1001C, and 1001D of the Food 
Security Act of 1985 (7 U.S.C. 1308; 1308-1; 1308-2; 1308-3; 
1308-3a) shall apply with respect to assistance provided under 
this section.
(2) Exception.--The total amount of payments received 
directly or indirectly by a person or legal entity (except a 
joint venture or general partnership) under this section may 
not exceed--
(A) $175,000, if less than 75 percent of the 
average gross income of the person or legal entity for 
the 2020, 2021, and 2022 tax years is derived from 
farming, ranching, or silviculture activities; and
(B) $350,000, if equal to or greater than 75 
percent of the average gross income of the person or 
legal entity for the 2020, 2021, and 2022 tax years is 
derived from farming, ranching, or silviculture 
activities.
(c) Funding.--
(1) In general.--The Secretary shall use the funds, 
facilities, and authorities of the Commodity Credit Corporation 
in carrying out this section.
(2) Emergency designation.--Each amount provided by this 
Act is designated by the Congress as being for an emergency 
requirement pursuant to section 251(b)(2)(A)(i) of the Balanced 
Budget and Emergency Deficit Control Act of 1985.
(3) Budgetary effects.--
(A) Statutory paygo scorecards.--The budgetary 
effects of this Act shall not be entered on either 
PAYGO scorecard maintained pursuant to section 4(d) of 
the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 
933(d)).
(B) Senate paygo scorecards.--The budgetary effects 
of this Act shall not be entered on any PAYGO scorecard 
maintained for purposes of section 4106 of H. Con. Res. 
71 (115th Congress).
(d) Definitions.--In this section:
(1) Agricultural act of 2014 terms.--The terms ``covered 
commodity'', ``extra long staple cotton'', ``producer'', and 
``seed cotton'' have the meanings given the terms, 
respectively, in section 1111 of the Agricultural Act of 2014 
(7 U.S.C. 9011).
(2) Cotton.--The term ``cotton'' includes extra long staple 
cotton and seed cotton.
(3) Definitions of legal entity and person.--The terms 
``legal entity'' and ``person'' have the meaning given those 
terms in section 1001(a) of the Food Security Act of 1985 (7 
U.S.C. 1308(a)).
(4) Eligible commodity.--The term ``eligible commodity'' 
means a covered commodity and cotton.
(5) Rice.--The term ``rice'' includes medium grain and long 
grain rice.
(6) Secretary.--The term ``Secretary'' means the Secretary 
of Agriculture.
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