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Secretary to forgo any other harvesting of triticale on
that acreage.
(b) PAYMENT AMOUNT.—
(1) IN GENERAL.—The amount of a payment
made under this section to a producer on a farm de-
scribed in subsection (a)(1) shall be equal to the
amount determined by multiplying—
(A) the loan deficiency payment rate deter-
mined under section 1205(c) in effect, as of the
date of the agreement, for the county in which
the farm is located; by
(B) the payment quantity determined by
multiplying—
(i) the quantity of the grazed acreage
on the farm with respect to which the pro-
ducer elects to forgo harvesting of wheat,
barley, or oats; and
(ii) the payment yield in effect for the
calculation of direct payments under part I
with respect to that loan commodity on the
farm or, in the case of a farm without a
payment yield for that loan commodity, an
appropriate yield established by the Sec-
retary in a manner consistent with section
1102(c).
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(2) GRAZING
OF
TRITICALE
ACREAGE.—The
amount of a payment made under this section to a
producer on a farm described in subsection (a)(2)
shall be equal to the amount determined by
multiplying—
(A) the loan deficiency payment rate deter-
mined under section 1205(c) in effect for wheat,
as of the date of the agreement, for the county in
which the farm is located; by
(B) the payment quantity determined by
multiplying—
(i) the quantity of the grazed acreage
on the farm with respect to which the pro-
ducer elects to forgo harvesting of triticale;
and
(ii) the payment yield in effect for the
calculation of direct payments under part I
with respect to wheat on the farm or, in the
case of a farm without a payment yield for
wheat, an appropriate yield established by
the Secretary in a manner consistent with
section 1102(c).
(c) TIME, MANNER, AND AVAILABILITY OF PAYMENT.—
(1) TIME AND MANNER.—A payment under this
section shall be made at the same time and in the
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same manner as loan deficiency payments are made
under section 1205.
(2) AVAILABILITY.—
(A) IN GENERAL.—The Secretary shall es-
tablish an availability period for the payments
authorized by this section.
(B) CERTAIN COMMODITIES.—In the case of
wheat, barley, and oats, the availability period
shall be consistent with the availability period
for the commodity established by the Secretary
for marketing assistance loans authorized by this
part.
(d) PROHIBITION ON CROP INSURANCE INDEMNITY OR
NONINSURED CROP ASSISTANCE.—A 2008 through 2012
crop of wheat, barley, oats, or triticale planted on acreage
that a producer elects, in the agreement required by sub-
section (a), to use for the grazing of livestock in lieu of any
other harvesting of the crop shall not be eligible for an in-
demnity under a policy or plan of insurance authorized
under the Federal Crop Insurance Act (7 U.S.C. 1501 et
seq.) or noninsured crop assistance under section 196 of the
Federal Agriculture Improvement and Reform Act of 1996
(7 U.S.C. 7333).
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SEC. 1207. SPECIAL MARKETING LOAN PROVISIONS FOR UP-
LAND COTTON.
(a) SPECIAL IMPORT QUOTA.—
(1) DEFINITION OF SPECIAL IMPORT QUOTA.—In
this subsection, the term ‘‘special import quota’’
means a quantity of imports that is not subject to the
over-quota tariff rate of a tariff-rate quota.
(2) ESTABLISHMENT.—
(A) IN
GENERAL.—The President shall
carry out an import quota program during the
period beginning on the date of the enactment of
this Act through July 31, 2013, as provided in
this subsection.
(B) PROGRAM
REQUIREMENTS.—Whenever
the Secretary determines and announces that for
any consecutive 4-week period, the Friday
through Thursday average price quotation for the
lowest-priced United States growth, as quoted for
Middling (M) 13⁄32-inch cotton, delivered to a de-
finable and significant international market, as
determined by the Secretary, exceeds the pre-
vailing world market price, there shall imme-
diately be in effect a special import quota.
(3) QUANTITY.—The quota shall be equal to 1
week’s consumption of cotton by domestic mills at the
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seasonally adjusted average rate of the most recent 3
months for which data are available.
(4) APPLICATION.—The quota shall apply to up-
land cotton purchased not later than 90 days after the
date of the Secretary’s announcement under para-
graph (2) and entered into the United States not later
than 180 days after that date.
(5) OVERLAP.—A special quota period may be
established that overlaps any existing quota period if
required by paragraph (2), except that a special
quota period may not be established under this sub-
section if a quota period has been established under
subsection (b).
(6) PREFERENTIAL
TARIFF
TREATMENT.—The
quantity under a special import quota shall be con-
sidered to be an in-quota quantity for purposes of—
(A) section 213(d) of the Caribbean Basin
Economic Recovery Act (19 U.S.C. 2703(d));
(B) section 204 of the Andean Trade Pref-
erence Act (19 U.S.C. 3203);
(C) section 503(d) of the Trade Act of 1974
(19 U.S.C. 2463(d)); and
(D) General Note 3(a)(iv) to the Har-
monized Tariff Schedule.
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(7) LIMITATION.—The quantity of cotton entered
into the United States during any marketing year
under the special import quota established under this
subsection may not exceed the equivalent of 10 week’s
consumption of upland cotton by domestic mills at
the seasonally adjusted average rate of the 3 months
immediately preceding the first special import quota
established in any marketing year.
(b) LIMITED GLOBAL IMPORT QUOTA FOR UPLAND
COTTON.—
(1) DEFINITIONS.—In this subsection:
(A) SUPPLY.—The term ‘‘supply’’ means,
using the latest official data of the Bureau of the
Census, the Department of Agriculture, and the
Department of the Treasury—
(i) the carry-over of upland cotton at
the beginning of the marketing year (ad-
justed to 480-pound bales) in which the
quota is established;
(ii) production of the current crop; and
(iii) imports to the latest date avail-
able during the marketing year.
(B) 
DEMAND.—The 
term 
‘‘demand’’
means—