To clarify the rates applicable to marketing assistance loans and loan deficiency payments for other oilseeds, dry peas, lentil, and small chickpeas.

1. Adds SEC. ____. MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS FOR OTHER OILSEEDS, DRY PEAS, LENTILS, AND SMALL CHICKPEAS at the appropriate place in division A

   Adds a section

   Inserted: SEC. ____. MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS FOR OTHER OILSEEDS, DRY PEAS, LENTILS, AND SMALL CHICKPEAS.

   Inserted: (a) Definition of Other Oilseed.--Section 1001(9) of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7901(9)) is amended by inserting "crambe, sesame seed," after "mustard seed,".

   Inserted: (b) Loan Rates for Nonrecourse Marketing Assistance Loans.--Section 1202 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7932) is amended--

   Inserted: (1) in subsection (a), by striking paragraph (10) and inserting the following:

   Inserted: "(10) In the case of other oilseeds, $.0960 per pound for each of the following kinds of oilseeds:

   Inserted: "(A) Sunflower seed.

   Inserted: "(B) Rapeseed.

   Inserted: "(C) Canola.

   Inserted: "(D) Safflower.

   Inserted: "(E) Flaxseed.

   Inserted: "(F) Mustard seed.

   Inserted: "(G) Crambe.

   Show 28 more inserted paragraphsShow less

   Inserted: "(H) Sesame seed.

   Inserted: "(I) Other oilseeds designated by the Secretary.";

   Inserted: (2) in subsection (b), by striking paragraph (10) and inserting the following:

   Inserted: "(10) In the case of other oilseeds, $.0930 per pound for each of the following kinds of oilseeds:

   Inserted: "(A) Sunflower seed.

   Inserted: "(B) Rapeseed.

   Inserted: "(C) Canola.

   Inserted: "(D) Safflower.

   Inserted: "(E) Flaxseed.

   Inserted: "(F) Mustard seed.

   Inserted: "(G) Crambe.

   Inserted: "(H) Sesame seed.

   Inserted: "(I) Other oilseeds designated by the Secretary.";

   Inserted: (3) by adding at the end the following:

   Inserted: "(c) Single County Loan Rate for Other Oilseeds.--The Secretary shall establish a single loan rate in each county for each kind of other oilseeds described in subsections (a)(10) and (b)(10).

   Inserted: "(d) Quality Grades for Dry Peas, Lentils, and Small Chickpeas.--The loan rate for dry peas, lentils, and small chickpeas shall be based on--

   Inserted: "(1) in the case of dry peas, United States feed peas;

   Inserted: "(2) in the case of lentils, United States number 3 lentils; and

   Inserted: "(3) in the case of small chickpeas, United States number 3 small chickpeas that drop below a 20/64 screen.".

   Inserted: (c) Repayment of Loans.--Section 1204 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7934) is amended--

   Inserted: (1) in subsection (a), by striking "and extra long staple cotton" and inserting "extra long staple cotton, and confectionery and each other kind of sunflower seed (other than oil sunflower seed)";

   Inserted: (2) by redesignating subsection (f) as subsection (h); and

   Inserted: (3) by inserting after subsection (e) the following:

   Inserted: "(f) Repayment Rates for Confectionery and Other Kinds of Sunflower Seeds.--The Secretary shall permit the producers on a farm to repay a marketing assistance loan under section 1201 for confectionery and each other kind of sunflower seed (other than oil sunflower seed) at a rate that is the lesser of--

   Inserted: "(1) the loan rate established for the commodity under section 1202, plus interest (determined in accordance with section 163 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7283)); or

   Inserted: "(2) the repayment rate established for oil sunflower seed.

   Inserted: "(g) Quality Grades for Dry Peas, Lentils, and Small Chickpeas.--The loan repayment rate for dry peas, lentils, and small chickpeas shall be based on the quality grades for the applicable commodity specified in section 1202(d).".

   Inserted: (d) Applicability.--This section and the amendments made by this section apply beginning with the 2003 crop of other oilseeds (as defined in section 1001 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7901)), dry peas, lentils, and small chickpeas.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place in Division A, insert the following:

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As printed