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.

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.