on a farm if the producers enter into a contract with 
the Secretary under which the producers agree— 
(A) in the case of an insurable commodity, 
to obtain a policy or plan of insurance under 
the Federal Crop Insurance Act (7 U.S.C. 1501 
et seq.) providing additional coverage for the in-
surable commodity for each of the next 2 crops, 
at a coverage level this provides— 
(i) not less than 65 percent of the ac-
tual production history for the crop pro-
duced on the farm; and 
(ii) 100 percent of the expected mar-
ket price or a comparable coverage (as de-
termined by the Federal Crop Insurance 
Corporation); and 
(B) in the case of a noninsurable com-
modity, to file the required paperwork and pay 
the administrative fee by the applicable State 
filing deadline, for the noninsurable commodity 
for each of the next 2 crops under section 196 
of the Federal Agriculture Improvement and 
Reform Act of 1996 (7 U.S.C. 7333). 
(3) EFFECT OF VIOLATION.—In the event of 
the violation of a contract under paragraph (2) by 
a producer, the producer shall reimburse the Sec-
retary for the full amount of the assistance provided 
to the producer under this section. 
(f) TIMING.— 
(1) IN GENERAL.—Subject to paragraph (2), 
the Secretary shall make payments to producers on 
a farm for a crop under this section not later than 
60 days after the date the producers on the farm 
submit to the Secretary a completed application for 
the payments. 
(2) INTEREST.—If the Secretary does not make 
payments to the producers on a farm by the date de-
scribed in paragraph (1), the Secretary shall pay to 
the producers on a farm interest on the payments at 
a rate equal to the current (as of the sign-up dead-
line established by the Secretary) market yield on 
outstanding, marketable obligations of the United 
States with maturities of 30 years. 
SEC. 102. LIVESTOCK ASSISTANCE PROGRAM. 
(a) EMERGENCY FINANCIAL ASSISTANCE.—The Sec-
retary shall use such sums as are necessary of funds of 
the Commodity Credit Corporation to make and admin-
ister payments for livestock losses to producers for 2005 
losses in a county that has received an emergency designa-
tion by the President or the Secretary during calendar 
year 2005, of which an amount determined by the Sec-
retary shall be made available for the American Indian 
livestock program under section 806 of the Agriculture, 
Rural Development, Food and Drug Administration, and 
Related Agencies Appropriations Act, 2001 (Public Law 
106–387; 114 Stat. 1549A–51). 
(b) ADMINISTRATION.—The Secretary shall make as-
sistance available under this section in the same manner 
as provided under section 806 of the Agriculture, Rural 
Development, Food and Drug Administration, and Re-
lated Agencies Appropriations Act, 2001 (Public Law 
106–387; 114 Stat. 1549A–51). 
(c) MITIGATION.—In determining the eligibility for or 
amount of payments for which a producer is eligible under 
the livestock assistance program, the Secretary shall not 
penalize a producer that takes actions (recognizing dis-
aster conditions) that reduce the average number of live-
stock the producer owned for grazing during the produc-
tion year for which assistance is being provided. 
(d) INTEREST ON PRIOR PAYMENTS.— 
(1) IN GENERAL.—Payments that were due to 
a producer under section 101(b) of the Emergency 
Supplemental Appropriations for Hurricane Disas-
ters Assistance Act, 2005 (Public Law 108–324; 
118 Stat. 1234) but not paid by the Secretary as of 
August 28, 2005, shall earn interest at a rate equal
to the current (as of August 28, 2005) market yield 
on outstanding, marketable obligations of the United 
States with maturities of 30 years. 
(2) FUNDING.—Interest payable under para-
graph (1) shall be carried out using only funds made 
available for travel expenses, or salaries and ex-
penses of Presidential appointees, of the Department 
of Agriculture. 
(e) LIVESTOCK INDEMNITY PAYMENTS.— 
(1) IN GENERAL.—The Secretary shall use such 
sums as are necessary of funds of the Commodity 
Credit Corporation to make livestock indemnity pay-
ments to producers on farms that have incurred live-
stock losses during calendar year 2005 due to a dis-
aster, as determined by the Secretary, including 
losses due to hurricanes, floods, and anthrax. 
(2) PAYMENT RATES.—The payment rate for 
indemnity payments made to producers on a farm 
under paragraph (1) shall be equal to— 
(A)(i) in the case of a cow, steer, or bull 
that weighs 500 pounds or more on the date of 
death of the cow, steer, or bull, $400 per head; 
and 
(ii) in the case of a cow, steer, or bull that 
weighs less than 500 pounds on the date of