; and (B) by adding at the end the following new subsection: (d) Deadline for election; duration Not later than 90 days after the date of the enactment of this subsection, each participating dairy operation shall elect a coverage level threshold under subsection (a)(1) and a coverage percentage under subsection (a)(2) to be used to determine dairy risk management payments. This election shall remain in effect for the participating dairy operation for the duration of the dairy risk management program, as specified in section 1409. . (2) Additional coverage level thresholds for certain producers Section 1406(a)(1) of the Agricultural Act of 2014 ( 7 U.S.C. 9056(a)(1) ) is amended by inserting after or $8.00 the following: (and in the case of production subject to premiums under section 1407(b), also $8.50 or $9.00) . (3) Election of production history coverage percentage Section 1406(a)(2) of the Agricultural Act of 2014 ( 7 U.S.C. 9056(a)(2) ) is amended by striking beginning with 25 percent and not exceeding and inserting but not to exceed . (h) Premiums for participation in dairy risk management program (1) Premium per hundredweight for first 5 million pounds of production Section 1407(b) of the Agricultural Act of 2014 ( 7 U.S.C. 9057(b) ) is amended— (A) by striking paragraph (2) and inserting the following new paragraph: (2) Producer premiums The following annual premiums apply: Coverage Level Premium per Cwt. $4.00 None $4.50 $0.002 $5.00 $0.005 $5.50 $0.008 $6.00 $0.010 $6.50 $0.017 $7.00 $0.041 $7.50 $0.057 $8.00 $0.090 $8.50 $0.120 $9.00 $0.170 ; and (B) by striking paragraph (3). (2) Technical correction Section 1407(d) of the Agricultural Act of 2014 ( 7 U.S.C. 9057(d) ) is amended in the subsection heading by striking Time for and inserting Method of . (i) Conforming amendments related to program name (1) Heading The heading of part I of subtitle D of title I of the Agricultural Act of 2014 ( Public Law 113–79