Dry edible beans study

(a) In general Not later than 60 days after the date of enactment of this Act, the Secretary shall contract with 1 or more qualified entities to conduct a study to determine whether the inclusion of dry edible beans as a covered commodity (as defined in section 1111 of the Agricultural Act of 2014 (7 U.S.C. 9011)) and a loan commodity (as defined in section 1201(a) of that Act (7 U.S.C. 9031(a))) under the programs authorized under subtitles A and B of title I of that Act (7 U.S.C. 9011 et seq.) would provide producers of dry edible beans with an effective safety net. (b) Analysis required The Secretary shall ensure that the 1 or more entities conducting the study required under this section include evaluations and recommendations concerning the appropriate establishment of— (1) loan rates; (2) reference prices; (3) base acres; (4) payment acres and yields; and (5) other relevant program details to effectuate full inclusion of dry edible beans as a covered commodity and a loan commodity. (c) Report required Not later than 120 days after the date of enactment of this Act, the Secretary shall submit to the Committee on Agriculture, Nutrition, and Forestry of the Senate and the Committee on Agriculture of the House of Representatives a report describing the findings of the study required under this section. (d) Mitigation There are authorized to be appropriated such sums as necessary to establish a mitigation program under which the Secretary shall reduce stocks-to-use ratios of dry edible beans to achieve and maintain average historical levels.