A bill to extend the disaster payment program for the 1980 and 1981 crops of wheat, feed grains, upland cotton, and rice.

Amends the Agricultural Act of 1949 to extend to the 1980 and 1981 crops of wheat, feed grains, upland cotton, and rice, the farm and prevented planning disaster payment programs. Denies eligibility for such payments to anyone electing to be covered by crop insurance paid for in part by the Federal Crop Insurance Corporation. Requires the Secretary of Agriculture to notify producers of such commodities of their right to elect between disaster payments and crop insurance coverage.