; or (2) section 1112(a) of the Agricultural Act of 2014 ( 7 U.S.C. 9012(a) ). 1115. Producer election (a) Election required For the 2019 through 2023 crop years, all of the producers on a farm shall make a 1-time, irrevocable election to obtain on a covered-commodity-by-covered-commodity basis— (1) price loss coverage under section 1116; or (2) agriculture risk coverage under section 1117. (b) Effect of failure To make unanimous election If all the producers on a farm fail to make a unanimous election under subsection (a) for the 2019 crop year— (1) the Secretary shall not make any payments with respect to the farm for the 2019 crop year under section 1116 or 1117; and (2) the producers on the farm shall be deemed to have elected price loss coverage under section 1116 for all covered commodities on the farm for the 2020 through 2023 crop years. (c) Prohibition on Reconstitution The Secretary shall ensure that producers on a farm do not reconstitute the farm to void or change an election made under this section. 1116. Price loss coverage (a) Price Loss Coverage Payments If all of the producers on a farm make the election under subsection (a) of section 1115 to obtain price loss coverage or, subject to subsection (b)(1) of such section, are deemed to have made such election under subsection (b)(2) of such section, the Secretary shall make price loss coverage payments to producers on the farm on a covered-commodity-by-covered-commodity basis if the Secretary determines that, for any of the 2019 through 2023 crop years— (1) the effective price for the covered commodity for the crop year; is less than (2) the effective reference price for the covered commodity for the crop year. (b) Effective Price The effective price for a covered commodity for a crop year shall be the higher of— (1) the marketing year average price