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This bill directs the Secretary of Agriculture to make one-time emergency assistance payments to agricultural producers during the 2024 crop year when expected gross returns per acre fall below expected production costs. Payments would equal 60 percent of the economic loss (cost minus revenue) multiplied by eligible acres, with payment caps of $175,000 to $350,000 depending on the producer's income source. The bill covers major field crops including corn, soybeans, wheat, cotton, rice, sorghum, oats, and barley, and would be funded through the Commodity Credit Corporation.
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