S.Amdt. 2428
What it does: 2 changes: replaces text, inserts text
Sen. Max Baucus (D-MT)What it changes
2 changes to S. 3240
Change 1: Replaces “clause (iii)” with “clauses (iii) and (iv)”
[struck: clause (iii)][inserted: clauses (iii) and (iv)]Original wording
On page 24, line 7, strike “clause (iii)” and insert “clauses (iii) and (iv)”.
Change 2: Inserts new text on page 25, between lines 15 and 16
InsertsPrinted pageInserted: (iii) Minimum price.--
Inserted: (I) In general.--If the national marketing year average price calculated under clause (i)(II) for a covered commodity for any of the applicable crop years falls below the minimum price for the covered commodity described in subclause (III), for the first crop year in which the national marketing year average price is below the minimum price, the Secretary shall use a price that is equal to the greater of--
Inserted: (aa) the difference between--
Inserted: (AA) the minimum price for the covered commodity described in subclause (III); and
Inserted: (BB) 5 percent of the minimum price for the covered commodity; or
Inserted: (bb) the national marketing year average price calculated under clause (i)(II).
Inserted: (II) Subsequent years.--For each applicable crop year after the first crop year in which the national marketing year average price is below the minimum price, the Secretary shall use a price that is equal to the greater of--
Inserted: (aa) the national marketing year average price calculated under clause (i)(II); or
Inserted: (bb) if the minimum price was adjusted for the prior crop year under subclause (I)(aa), 95 percent of the adjusted minimum price used for that prior crop year.
Inserted: (III) Minimum price.--The minimum price for each covered commodity shall be as follows:
Inserted: (aa) For wheat, $4.50 per bushel.
Inserted: (bb) For corn, $2.84 per bushel.
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Inserted: (cc) For grain sorghum, $2.84 per bushel.
Inserted: (dd) For malt barley, $3.60 per bushel.
Inserted: (ee) For feed barley, $2.84 per bushel.
Inserted: (ff) For oats, $1.93 per bushel.
Inserted: (gg) For soybeans, $6.48 per bushel.
Inserted: (hh) For other oilseeds, $13.69 per hundredweight.
Inserted: (ii) For dry peas, $8.99 per hundredweight.
Inserted: (jj) For lentils, $13.83 per hundredweight.
Inserted: (kk) For small chickpeas, $11.19 per hundredweight.
Inserted: (ll) For large chickpeas, $13.83 per hundredweight.
Original wording
On page 25, between lines 15 and 16, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2428. Mr. BAUCUS (for himself and Mr. Conrad) submitted an amendment intended to be proposed by him to the bill S. 3240, to reauthorize agricultural programs through 2017, and for other purposes; which was ordered to lie on the table; as follows:
On page 24, line 7, strike “clause (iii)” and insert “clauses (iii) and (iv)”.
On page 25, between lines 15 and 16, insert the following:
(iii) Minimum price.--
(I) In general.--If the national marketing year average price calculated under clause (i)(II) for a covered commodity for any of the applicable crop years falls below the minimum price for the covered commodity described in subclause (III), for the first crop year in which the national marketing year average price is below the minimum price, the Secretary shall use a price that is equal to the greater of--
(aa) the difference between--
(AA) the minimum price for the covered commodity described in subclause (III); and
(BB) 5 percent of the minimum price for the covered commodity; or
(bb) the national marketing year average price calculated under clause (i)(II).
(II) Subsequent years.--For each applicable crop year after the first crop year in which the national marketing year average price is below the minimum price, the Secretary shall use a price that is equal to the greater of--
(aa) the national marketing year average price calculated under clause (i)(II); or
(bb) if the minimum price was adjusted for the prior crop year under subclause (I)(aa), 95 percent of the adjusted minimum price used for that prior crop year.
(III) Minimum price.--The minimum price for each covered commodity shall be as follows:
(aa) For wheat, $4.50 per bushel.
(bb) For corn, $2.84 per bushel.
(cc) For grain sorghum, $2.84 per bushel.
(dd) For malt barley, $3.60 per bushel.
(ee) For feed barley, $2.84 per bushel.
(ff) For oats, $1.93 per bushel.
(gg) For soybeans, $6.48 per bushel.
(hh) For other oilseeds, $13.69 per hundredweight.
(ii) For dry peas, $8.99 per hundredweight.
(jj) For lentils, $13.83 per hundredweight.
(kk) For small chickpeas, $11.19 per hundredweight.
(ll) For large chickpeas, $13.83 per hundredweight.
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Senate amendment submitted
June 14, 2012