To amend the Agricultural Market Transition Act to provide a variant of loan deficiency payments to producers who are otherwise eligible for such payments, but who elect to use acreage planted to the eligible commodity for the grazing of livestock.

[AI summary unavailable — showing source text] Amends the Agricultural Market Transition Act to direct the Secretary of Agriculture to make specified payments in lieu of loan deficiency payments to a producer who uses commodity acreage to graze livestock if the producer forgoes any other commodity harvesting on such acreage during the crop year.…