To make supplemental agricultural disaster assistance available for fiscal years 2012 and 2013, and for other purposes.
A BILL
2. Noninsured crop assistance program
“(1) In general
“(A) Coverages—In the case of an eligible crop described in paragraph (2), the Secretary of Agriculture shall operate a noninsured crop disaster assistance program to provide coverages based on individual yields (other than for value-loss crops) equivalent to—
“(i) catastrophic risk protection available under section 508(b) of the Federal Crop Insurance Act (7 U.S.C. 1508(b)); or
“(ii) additional coverage available under subsections (c) and (h) of section 508 of that Act (7 U.S.C. 1508) that does not exceed 65 percent.
“(B) Administration—The Secretary shall carry out this section through the Farm Service Agency (referred to in this section as the “Agency”).”
“(ii) for which additional coverage under subsections (c) and (h) of section 508 of that Act (7 U.S.C. 1508) is not available; and”
“(l) Payment equivalent to additional coverage
“(1) In general—The Secretary shall make available to a producer eligible for noninsured assistance under this section a payment equivalent to an indemnity for additional coverage under subsections (c) and (h) of section 508 of the Federal Crop Insurance Act (7 U.S.C. 1508) that does not exceed 65 percent, computed by multiplying—
“(A) the quantity that is less than 50 to 65 percent of the established yield for the crop, as determined by the Secretary, specified in increments of 5 percent;
“(B) 100 percent of the average market price for the crop, as determined by the Secretary; and
“(C) a payment rate for the type of crop, as determined by the Secretary, that reflects—
“(i) in the case of a crop that is produced with a significant and variable harvesting expense, the decreasing cost incurred in the production cycle for the crop that is, as applicable—
“(I) harvested;
“(II) planted but not harvested; or
“(III) prevented from being planted because of drought, flood, or other natural disaster, as determined by the Secretary; or
“(ii) in the case of a crop that is produced without a significant and variable harvesting expense, such rate as shall be determined by the Secretary.
“(2) Premium—To be eligible to receive a payment under this subsection, a producer shall pay—
“(A) the service fee required by subsection (k); and
“(B) a premium for the applicable crop year that is equal to—
“(i) the product obtained by multiplying—
“(I) the number of acres devoted to the eligible crop;
“(II) the yield, as determined by the Secretary under subsection (e);
“(III) the coverage level elected by the producer;
“(IV) the average market price, as determined by the Secretary; and
“(ii) 5.25-percent premium fee.
“(3) Limited resource, beginning, and socially disadvantaged farmers—The additional coverage made available under this subsection shall be available to limited resource, beginning, and socially disadvantaged producers, as determined by the Secretary, in exchange for a premium that is 50 percent of the premium determined for a producer under paragraph (2).
“(4) Additional availability
“(A) In general—As soon as practicable, the Secretary shall make assistance available to producers of an otherwise eligible crop described in subsection (a)(2) that suffered losses—
“(i) to a 2012 annual fruit crop grown on a bush or tree; and
“(ii) in a county covered by a declaration by the Secretary of a natural disaster for production losses due to a freeze or frost.
“(B) Assistance—The Secretary shall make assistance available under subparagraph (A) in an amount equivalent to assistance available under paragraph (1), less any fees not previously paid under paragraph (2).”