Political Quotes

“I have amendment No. 99 at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Strike part I of subtitle D (Dairy) of title I and insert the following new part: PART I--DAIRY PRODUCER MARGIN INSURANCE PROGRAM SEC. 1401. DAIRY PRODUCER MARGIN INSURANCE PROGRAM. Subtitle E of title I of the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8771 et seq.) is amended by adding at the end the following new section: ``SEC. 1511. DAIRY PRODUCER MARGIN INSURANCE PROGRAM. ``(a) Definitions.--In this section: ``(1) Actual dairy producer margin.--The term `actual dairy producer margin ' means the difference between the all-milk price and the average feed cost, as calculated under subsection (b)(2). ``(2) All-milk price.--The term `all-milk price' means the average price received, per hundredweight of milk, by dairy producers for all milk sold to plants and dealers in the United States, as reported by the National Agricultural Statistics Service. ``(3) Average feed cost.--The term `average feed cost' means the average cost of feed used by a dairy operation to produce a hundredweight of milk, determined under subsection (b)(1) using the sum of the following: ``(A) The product determined by multiplying-- ``(i) 1.0728; by ``(ii) the price of corn per bushel. ``(B) The product determined by multiplying-- ``(i) 0.00735; by ``(ii) the price of soybean meal per ton.…”