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139 STAT. 95 PUBLIC LAW 119–21—JULY 4, 2025 ‘‘(ii) in the case of upland cotton, the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section. ‘‘(2) REFUND FOR UPLAND COTTON.—In the case of a repay- ment for a marketing assistance loan for upland cotton at a rate described in paragraph (1)(B)(ii), the Secretary shall provide to the producer a refund (if any) in an amount equal to the difference between the lowest prevailing world market price, as determined and adjusted by the Secretary in accord- ance with this section, during the 30-day period following the date on which the producer repays the marketing assistance loan and the repayment rate.’’; (2) in subsection (c)— (A) by striking the period at the end and inserting ‘‘; and’’; (B) by striking ‘‘at the loan rate’’ and inserting the following: ″at a rate that is the lesser of— ‘‘ ‘‘(1) the loan rate’’; and (C) by adding at the end the following: ‘‘(2) the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section.’’; (3) in subsection (d)— (A) in paragraph (1), by striking ‘‘and medium grain rice’’ and inserting ‘‘medium grain rice, and extra long staple cotton’’; (B) by redesignating paragraphs (1) and (2) as subpara- graphs (A) and (B), respectively, and indenting appro- priately; (C) in the matter preceding subparagraph (A) (as so redesignated), by striking ‘‘For purposes’’ and inserting the following: ‘‘(1) IN GENERAL.—For purposes’’; and (D) by adding at the end the following: ‘‘(2) UPLAND COTTON.—In the case of upland cotton, for any period when price quotations for Middling (M) 13⁄32-inch cotton are available, the formula under paragraph (1)(A) shall be based on the average of the 3 lowest-priced growths that are quoted.’’; and (4) in subsection (e)— (A) in the subsection heading, by inserting ‘‘EXTRA LONG STAPLE COTTON,’’ after ‘‘UPLAND COTTON,’’; (B) in paragraph (2)— (i) in the paragraph heading, by inserting ‘‘UPLAND’’ before ‘‘COTTON’’; and (ii) in subparagraph (B), in the matter preceding clause (i), by striking ‘‘2024’’ and inserting ‘‘2032’’; (C) by redesignating paragraph (3) as paragraph (4); and (D) by inserting after paragraph (2) the following: ‘‘(3) EXTRA LONG STAPLE COTTON.—The prevailing world market price for extra long staple cotton determined under subsection (d)— ‘‘(A) shall be adjusted to United States quality and location, with the adjustment to include the average costs to market the commodity, including average transportation costs, as determined by the Secretary; and Determinations. Time period.