(B) by adding at the end the following new 
subsection: 
‘‘(d) DEADLINE FOR ELECTION; DURATION.—Not 
later than 90 days after the date of the enactment of this 
subsection, each participating dairy operation shall elect 
a coverage level threshold under subsection (a)(1) and a 
coverage percentage under subsection (a)(2) to be used to 
determine dairy risk management payments. This election 
shall remain in effect for the participating dairy operation 
for the duration of the dairy risk management program, 
as specified in section 1409.’’. 
(2) ADDITIONAL
COVERAGE
LEVEL
THRESH-
OLDS
FOR
CERTAIN
PRODUCERS.—Section 
1406(a)(1) of the Agricultural Act of 2014 (7 
U.S.C. 9056(a)(1)) is amended by inserting after 
‘‘or $8.00’’ the following: ‘‘(and in the case of pro-
duction subject to premiums under section 1407(b), 
also $8.50 or $9.00)’’. 
(3) ELECTION OF PRODUCTION HISTORY COV-
ERAGE
PERCENTAGE.—Section 1406(a)(2) of the 
Agricultural Act of 2014 (7 U.S.C. 9056(a)(2)) is 
amended by striking ‘‘beginning with 25 percent and 
not exceeding’’ and inserting ‘‘but not to exceed’’. 
(h) PREMIUMS FOR PARTICIPATION IN DAIRY RISK 
MANAGEMENT PROGRAM.— 
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(1) PREMIUM PER HUNDREDWEIGHT FOR FIRST 
MILLION
POUNDS
OF
PRODUCTION.—Section 
1407(b) of the Agricultural Act of 2014 (7 U.S.C. 
9057(b)) is amended— 
(A) by striking paragraph (2) and insert-
ing the following new paragraph: 
‘‘(2) PRODUCER PREMIUMS.—The following an-
nual premiums apply: 
‘‘Coverage Level 
Premium per Cwt. 
$4.00 
None 
$4.50 
$0.002 
$5.00 
$0.005 
$5.50 
$0.008 
$6.00 
$0.010 
$6.50 
$0.017 
$7.00 
$0.041 
$7.50 
$0.057 
$8.00 
$0.090 
$8.50 
$0.120 
$9.00 
$0.170’’; 
and 
(B) by striking paragraph (3). 
(2) TECHNICAL CORRECTION.—Section 1407(d) 
of the Agricultural Act of 2014 (7 U.S.C. 9057(d)) 
is amended in the subsection heading by striking 
‘‘TIME FOR’’ and inserting ‘‘METHOD OF’’. 
(i) CONFORMING AMENDMENTS RELATED TO PRO-
GRAM NAME.— 
(1) HEADING.—The heading of part I of sub-
title D of title I of the Agricultural Act of 2014 
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(Public Law 113–79; 128 Stat. 688) is amended to 
read as follows: 
‘‘PART I—DAIRY RISK MANAGEMENT PROGRAM 
FOR DAIRY PRODUCERS’’. 
(2) DEFINITIONS.—Section 1401 of the Agri-
cultural Act of 2014 (7 U.S.C. 9051) is amended— 
(A) by striking paragraphs (5) and (6) and 
inserting the following new paragraphs: 
‘‘(5) DAIRY
RISK
MANAGEMENT
PROGRAM.— 
The terms ‘dairy risk management program’ and 
‘program’ mean the dairy risk management program 
required by section 1403. 
‘‘(6) DAIRY
RISK
MANAGEMENT
PAYMENT.— 
The term ‘dairy risk management payment’ means a 
payment made to a participating dairy operation 
under the program pursuant to section 1406.’’; and 
(B) in paragraphs (7) and (8), by striking 
‘‘margin protection’’ both places it appears. 
(3) CALCULATION OF ACTUAL DAIRY PRODUC-
TION MARGIN.—Section 1402(b)(1) of the Agricul-
tural Act of 2014 (7 U.S.C. 9052(b)(1)) is amended 
by striking ‘‘margin protection’’ and inserting ‘‘dairy 
risk management’’. 
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(4) PROGRAM
OPERATION.—Section 1403 of 
the Agricultural Act of 2014 (7 U.S.C. 9053) is 
amended— 
(A) in the section heading, by striking 
‘‘ESTABLISHMENT
OF
MARGIN
PROTEC-
TION’’ and inserting ‘‘DAIRY RISK MANAGE-
MENT’’; 
(B) by striking ‘‘Not later than September 
1, 2014, the Secretary shall establish and ad-
minister a margin protection program’’ and in-
serting ‘‘The Secretary shall continue to admin-
ister a dairy risk management program’’; and 
(C) by striking ‘‘margin protection pay-
ment’’ both places it appears and inserting 
‘‘dairy risk management payment’’. 
(5) PARTICIPATION.—Section 1404 of the Agri-
cultural Act of 2014 (7 U.S.C. 9054) is amended— 
(A) in the section heading, by striking 
‘‘MARGIN PROTECTION’’; 
(B) in subsection (a), by striking ‘‘margin 
protection program to receive margin protection 
payments’’ and inserting ‘‘dairy risk manage-
ment program to receive dairy risk management 
payments’’; and 
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(C) in subsections (b) and (c), by striking 
‘‘margin protection’’ each place it appears. 
(6) PRODUCTION
HISTORY.—Section 1405 of 
the Agricultural Act of 2014 (7 U.S.C. 9055) is 
amended— 
(A) in subsection (a)(1)— 
(i) by striking ‘‘margin protection pro-
gram’’ the first place it appears and insert-
ing ‘‘dairy risk management program’’; 
and 
(ii) by striking ‘‘margin protection’’ 
the second place it appears; and 
(B) in subsection (c), by striking ‘‘margin 
protection’’. 
(7) PAYMENTS.—Section 1406 of the Agricul-
tural Act of 2014 (7 U.S.C. 9056) is amended— 
(A) in the section heading, by striking 
‘‘MARGIN
PROTECTION’’ 
and 
inserting 
‘‘DAIRY RISK MANAGEMENT’’; 
(B) by striking ‘‘margin protection’’ each 
place it appears and inserting ‘‘dairy risk man-
agement’’; and 
(C) in the heading of subsection (c), by 
striking ‘‘MARGIN PROTECTION’’. 
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(8) PREMIUMS.—Section 1407 of the Agricul-
tural Act of 2014 (7 U.S.C. 9057) is amended— 
(A) in the section heading, by striking 
‘‘MARGIN
PROTECTION’’ 
and 
inserting 
‘‘DAIRY RISK MANAGEMENT’’; 
(B) in subsection (a), by striking ‘‘margin 
protection program’’ and inserting ‘‘dairy risk 
management program’’; and 
(C) in subsection (e), by striking ‘‘margin 
protection’’ both places it appears. 
(9) PENALTIES.—Section 1408 of the Agricul-
tural Act of 2014 (7 U.S.C. 9058) is amended by 
striking ‘‘margin protection’’ both places it appears 
and inserting ‘‘dairy risk management’’. 
(10) ADMINISTRATION AND ENFORCEMENT.— 
Section 1410 of the Agricultural Act of 2014 (7 
U.S.C. 9060) is amended by striking ‘‘margin pro-
tection’’ each place it appears and inserting ‘‘dairy 
risk management’’. 
(j) EFFECTIVE DATE.—The amendments made by 
this section shall take effect 60 days after the date of the 
enactment of this Act. 
(k) DURATION.—Section 1409 of the Agricultural 
Act of 2014 (7 U.S.C. 9059) is amended— 
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(1) by striking ‘‘margin protection’’ and insert-
ing ‘‘dairy risk management’’; and 
(2) by striking ‘‘2018’’ and inserting ‘‘2023’’. 
SEC. 3. CLASS I SKIM MILK PRICE. 
(a) CLASS I SKIM MILK PRICE.—Section 8c(5)(A) of 
the Agricultural Adjustment Act (7 U.S.C. 608c(5)(A)), 
reenacted with amendments by the Agricultural Marketing 
Agreement Act of 1937, is amended by striking the third 
and fourth sentences, including the table, and inserting 
the following new sentence: ‘‘Throughout the 2-year period 
beginning on the effective date of this sentence (and sub-
sequent to such 2-year period unless modified by amend-
ment to the order involved), for purposes of determining 
prices for milk of the highest use classification, the Class 
I skim milk price per hundredweight specified in section 
1000.50(b) of title 7, Code of Federal Regulations (or suc-
cessor regulation), shall be the sum of the adjusted Class 
I differential specified in section 1000.52 of such title 7, 
plus the adjustment to Class I prices specified in sections 
1005.51(b), 1006.51(b), and 1007.51(b) of such title 7 
(or successor regulation), plus the simple average of the 
advanced 
pricing 
factors 
computed 
in 
sections 
1000.50(q)(1) and 1000.50(q)(2) of such title 7 (or suc-
cessor regulation), plus $0.74.’’. 
(b) EFFECTIVE DATE AND IMPLEMENTATION.— 
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(1) EFFECTIVE DATE.—The amendment made 
by subsection (a) shall take effect on the first day 
of the first month beginning more than 120 days 
after the date of the enactment of this Act. 
(2) IMPLEMENTATION.—Implementation of the 
amendment made by subsection (a) is not subject to 
any of the following: 
(A) The notice and comment provisions of 
section 553 of title 5, United States Code. 
(B) The notice and hearing requirements 
of paragraphs (3) and (4) of section 8c of the 
Agricultural Adjustment Act (7 U.S.C. 608c), 
reenacted with amendments by the Agricultural 
Marketing Agreement Act of 1937. 
(C) The order amendment requirements of 
section 8c(17) of such Act (7 U.S.C. 608c(17)). 
(D) A referendum under section 8c(19) of 
such Act (7 U.S.C. 608c(19)). 
SEC. 4. EXTENSION OF DAIRY FORWARD PRICING PRO-
GRAM. 
Section 1502(e) of the Food, Conservation, and En-
ergy Act of 2008 (7 U.S.C. 8772(e)) is amended— 
(1) in paragraph (1), by striking ‘‘2018’’ and 
inserting ‘‘2023’’; and 
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(2) in paragraph (2), by striking ‘‘2021’’ and 
inserting ‘‘2026’’. 
SEC. 5. EXTENSION OF DAIRY INDEMNITY PROGRAM. 
Section 3 of Public Law 90–484 (7 U.S.C. 450l) is 
amended by striking ‘‘2018’’ and inserting ‘‘2023’’. 
SEC. 6. EXTENSION OF DAIRY PROMOTION AND RESEARCH 
PROGRAM. 
Section 113(e)(2) of the Dairy Production Stabiliza-
tion Act of 1983 (7 U.S.C. 4504(e)(2)) is amended by 
striking ‘‘2018’’ and inserting ‘‘2023’’. 
SEC. 7. REPEAL OF DAIRY PRODUCT DONATION PROGRAM. 
Section 1431 of the Agricultural Act of 2014 (7 
U.S.C. 9071) is repealed. 
Æ 
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