S.3552 - A bill to require the Secretary of Agriculture to provide payments to cattle producers to offset losses due to the Coronavirus Disease 2019 (COVID-19), and for other purposes.116th Congress (2019-2020) |
|Sponsor:||Sen. Rounds, Mike [R-SD] (Introduced 03/20/2020)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||Senate - 03/20/2020 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.3552 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (03/20/2020)
This bill requires the Farm Service Agency to provide payments to producers that sold feeder cattle or live cattle during any month in calendar year 2020 to offset losses due to COVID-19 (i.e., coronavirus disease 2019).
Specifically, payments must be provided (1) in the case of feeder cattle, if the average national sale price per hundredweight for feeder cattle for that month is less than $150; and (2) in the case of live cattle, if the average national sale price per hundredweight for live cattle for that month is less than $121.
A producer may receive payments for not more than 10,000 head of cattle in calendar year 2020. Additionally, a producer must have owned the feeder cattle or live cattle for not less than 30 days before the date on which the cattle were sold.