HR 2419 PCS
(A) normally harvest all or a portion of 
their crop of corn or grain sorghum in a high 
moisture state; 
(B) present— 
(i) certified scale tickets from an in-
spected, certified commercial scale, includ-
ing a licensed warehouse, feedlot, feed mill, 
distillery, or other similar entity approved 
by the Secretary, pursuant to regulations 
issued by the Secretary; or 
(ii) field or other physical measure-
ments of the standing or stored crop in re-
gions of the United States, as determined 
by the Secretary, that do not have certified 
commercial scales from which certified 
scale tickets may be obtained within rea-
sonable proximity of harvest operation; 
(C) certify that they were the owners of 
the feed grain at the time of delivery to, and 
that the quantity to be placed under loan under 
this subsection was in fact harvested on the 
farm and delivered to, a feedlot, feed mill, or 
commercial or on-farm high-moisture storage 
facility, or to a facility maintained by the users 
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of corn and grain sorghum in a high moisture 
state; and 
(D) comply with deadlines established by 
the Secretary for harvesting the corn or grain 
sorghum and submit applications for loans 
under this subsection within deadlines estab-
lished by the Secretary. 
(3) ELIGIBILITY OF ACQUIRED FEED GRAINS.— 
A loan under this subsection shall be made on a 
quantity of corn or grain sorghum of the same crop 
acquired by the producer equivalent to a quantity 
determined by multiplying— 
(A) the acreage of the corn or grain sor-
ghum in a high moisture state harvested on the 
producer’s farm; by 
(B) the lower of the farm program pay-
ment yield used to make counter-cyclical pay-
ments under subtitle A or the actual yield on a 
field, as determined by the Secretary, that is 
similar to the field from which the corn or grain 
sorghum was obtained. 
(b) RECOURSE LOANS AVAILABLE FOR SEED COT-
TON.—For each of the 2008 through 2012 crops of upland 
cotton and extra long staple cotton, the Secretary shall 
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make available recourse seed cotton loans, as determined 
by the Secretary, on any production. 
(c) REPAYMENT RATES.—Repayment of a recourse 
loan made under this section shall be at the loan rate es-
tablished for the commodity by the Secretary, plus interest 
(determined in accordance with section 163 of the Federal 
Agriculture Improvement and Reform Act of 1996 (7 
U.S.C. 7283)). 
SEC. 1210. DEADLINE FOR REPAYMENT OF MARKETING AS-
SISTANCE LOAN FOR PEANUTS. 
(a) JUNE 30 REDEMPTION DEADLINE.—Notwith-
standing any other provision of law, a marketing assist-
ance loan for peanuts may not be redeemed after June 
30 of the year subsequent to the year in which the peanuts 
were harvested. 
(b) EFFECT OF FAILURE TO REDEEM.—A marketing 
assistance loan for peanuts that is not redeemed before 
the deadline imposed by subsection (a) shall be deemed 
to be forfeited to the Commodity Credit Corporation. 
SEC. 1211. COMMODITY QUALITY INCENTIVE PAYMENTS 
FOR HEALTHY OILSEEDS. 
(a) INCENTIVE PAYMENTS REQUIRED.—Subject to 
the availability of funds for this purpose, the Secretary 
shall provide commodity quality incentive payments during 
the 2009 through 2013 crop years for the production of 
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oilseeds with specialized traits that enhance human health, 
as determined by the Secretary. 
(b) COVERED OILSEEDS.—The Secretary shall make 
payments under this section only for the production of an 
oilseed that has, as determined by the Secretary— 
(1) been demonstrated to reduce or eliminate 
the need to partially hydrogenate the oil derived 
from the oilseed for use in human consumption; and 
(2) 1 or more traits for which compelling im-
pediments to commercialization have been identified. 
(c) REQUEST FOR PROPOSALS.— 
(1) ISSUANCE.—If funds are available to carry 
out this section for a crop year, the Secretary shall 
issue a request for proposals for payments under 
this section. 
(2) MULTIYEAR
PROPOSALS.—An entity may 
submit a multiyear proposal for payments under this 
section. 
(3) CONTENT OF PROPOSALS.—A proposal for 
payments under this section shall include a descrip-
tion of— 
(A) each trait of the oilseed described in 
subsection (b)(2) and the value of the trait as 
a matter of public policy; 
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(B) the projected market size and value of 
the trait; 
(C) the projected impact of the proposal 
on— 
(i) the future price of loan commod-
ities; and 
(ii) if appropriate, on Federal Govern-
ment farm program outlays to support 
loan commodities; 
(D) a range for the amount of total per 
bushel premiums to be paid to producers; 
(E) a per bushel amount of incentive pay-
ments requested for each year under this sec-
tion that— 
(i) does not exceed 1⁄3 of the total pre-
mium offered for any year; and 
(ii) declines over time; 
(F) the period of time, of not to exceed 4 
years, during which incentive payments are to 
be provided to producers; and 
(G) the targeted total quantity of produc-
tion and estimated acres needed to produce the 
targeted quantity for each year under this sec-
tion. 
(d) CONTRACTS FOR PRODUCTION.— 
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