; 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; or (2) the national average loan rate for a marketing assistance loan for the covered commodity in effect for such crop year under subtitle B. (c) Payment Rate The payment rate shall be equal to the difference between— (1) the effective reference price for the covered commodity; and (2) the effective price determined under subsection (b) for the covered commodity. (d) Payment Amount If price loss coverage payments are required to be provided under this section for any of the 2019 through 2023 crop years for a covered commodity, the amount of the price loss coverage payment to be paid to the producers on a farm for the crop year shall be equal to the product obtained by multiplying— (1) the payment rate for the covered commodity under subsection (c); (2) the payment yield for the covered commodity