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This bill amends the Specialty Crops Competitiveness Act of 2004 to establish a seasonal and perishable crop loss payment program. Beginning in marketing year 2024, the Secretary of Agriculture would make direct payments to eligible producers of fresh specialty crops (such as fruits and vegetables) in geographic regions where at least 50 percent of producers elect to participate, when the national average market price falls below a regional reference price and the price decline is caused by imports. Eligible producers must have average adjusted gross income below $900,000 and derive at least 75 percent of income from farming, with payment amounts based on the price difference multiplied by 85 percent of a 5-year Olympic average production.
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