A bill to extend eligibility for loan deficiency payments and payments in lieu of loan deficiency payments.

Amends the Agricultural Market Transition Act to provide that a producer eligible for a loan deficiency payment who loses beneficial interest in a commodity shall be eligible for a payment determined as of the date of such loss.

Amends the Agricultural Risk Protection Act of 2000 to extend the program of payments in lieu of loan deficiency payments for certain producers who permit livestock grazing on crop acreage. Includes grain sorghum in such program.