S. 4860 — CHILE Act of 2026

This section establishes a specialty crop emergency assistance framework to provide direct payments to producers of specialty crops (as defined in the Specialty Crops Competitiveness Act of 2004) whose production is affected by an adverse event such as an economic crisis or market disruption. Payments equal prior-year (or multi-year average) sales multiplied by a payment factor determined by the Secretary; the program must account for higher crop values and input costs and diverse producer business structures. Total payments per person or legal entity are limited to $900,000 per crop year, except that entities deriving at least 75 percent of gross income from farming, ranching, or silviculture may receive up to an amount set by the Secretary (not less than $900,000). It appropriates $5 billion for fiscal year 2027, available until expended, and requires administration through the Farm Service Agency (including under Commodity Credit Corporation authority).