To amend the Specialty Crops Competitiveness Act of 2004 to provide for seasonal and perishable programs, and for other purposes.
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Summary
This bill amends the Specialty Crops Competitiveness Act of 2004 to establish a new Seasonal and Perishable Crop Loss Program. Beginning in marketing year 2027, the program would provide annual payments to eligible producers of fresh specialty crops (such as vegetables and fruits) when the national average market price falls below a reference price and the price decline is caused by imports. Payments would be calculated based on the price difference multiplied by the producer's three-year average production, with eligibility limited to producers with average adjusted gross income below $5 million or who derive at least 75 percent of income from farming.
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