; and (2) by adding at the end the following new paragraph: (5) Certain multiproducer dairy operation exclusions (A) Exclusion of low-percentage owners To promote administrative efficiency in the dairy risk management program, a multiproducer dairy operation covered by paragraph (3) may elect, at the option of the multiproducer dairy operation, to exclude information from the registration process regarding any individual owner of the multiproducer dairy operation that— (i) holds less than a five percent ownership interest in the multiproducer dairy operation; or (ii) is entitled to less than five percent of the income, revenue, profit, gain, loss, expenditure, deduction, or credit of the multiproducer dairy operation for any given year. (B) Effect of exclusion on dairy risk management payments To the extent that an individual owner of a multiproducer dairy operation is excluded under subparagraph (A) from the registration of the multiproducer dairy operation, any dairy risk management payment made to the multiproducer dairy operation shall be reduced by an amount equal to the greater of the following: (i) The amount determined by multiplying the dairy risk management payment otherwise determined under section 1406 by the total percentage of ownership interests represented by the excluded owners. (ii) The amount determined by multiplying the dairy risk management payment otherwise determined under section 1406 by the total percentage of the income, revenue, profit, gain, loss, expenditure, deduction, or credit of the multiproducer dairy operation represented by the excluded owners. . (e) Relation to livestock gross margin for dairy program Section 1404(d) of the Agricultural Act of 2014 ( 7 U.S.C. 9054(d) ) is amended— (1) by striking but not both and inserting but not on the same production ; (2) by striking or the and inserting and the