; (3) to expand the role of the Department of Agriculture in the promotion of biobased products; (4) to build on procurement programs administered by the Department of Agriculture to increase Federal purchasing of biobased products; (5) to strengthen domestic manufacturing of biobased products; and (6) to make a national commitment to the rural and agricultural economies of the United States. 3. Biobased markets program Section 9002 of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8102 ) is amended— (1) in subsection (a)— (A) in paragraph (2)— (i) in subparagraph (A)(i)— (I) in subclause (II)(bb), by striking and at the end; (II) in subclause (III), by striking the period at the end and inserting ; and ; and (III) by adding at the end the following: (IV) on an annual basis, update the procurement requirement described in subclause (III) by increasing the number of biobased-only contracts or the volume purchased under those contracts from the previous year. ; (ii) in subparagraph (B), by striking clause (iii) and inserting the following: (iii) are available only at a price that exceeds the price premium established under paragraph (3)(B)(viii) for those items. ; and (iii) by adding at the end the following: (G) Guidance The Secretary, in coordination with the Office of Federal Procurement Policy, shall issue guidance to procuring agencies to consider product lifespan, savings, and efficacy when making procurement decisions under this subsection. ; (B) in paragraph (3)(B)— (i) in clause (vii), by striking and at the end; (ii) by redesignating clause (viii) as clause (ix); and (iii) by inserting after clause (vii) the following: (viii) establish price premiums for different types of biobased products; and ; and (C) in paragraph (4)— (i) in subparagraph (A)— (I) by striking clause (ii); and (II) by redesignating clauses (iii) and (iv) as clauses (ii) and (iii), respectively; (ii) in subparagraph (B)(i)— (I) in the matter preceding subclause (I)— (aa) by inserting and the Secretary after Policy