Pub. L. 89-321, tit. V, sec. 506

Pub. L. 89-321, tit. V, sec. 506

EnactedYear: 1965Length: 461 wordsOfficial source
Sec. 506. Effective only with respect to the 1966 through 1969 crops, section 107 of the Agricultural Act, of 1949, as amended (7 U.S.C. 1445a), is amended to read as follows: “Sec. 107. Notwithstanding the provisions of section 101 of this Act, for any marketing year— “(1) (a) Price support for wheat accompanied by domestic certificates shall be at 100 per centum of the parity price or as near thereto as the Secretary determines practicable, and (b) price support for wheat not accompanied by marketing certificates shall be at such level, not in excess of the parity price therefor, as the Secretary determines appropriate, taking into consideration competitive world prices of wheat, the feeding value of wheat in relation to feed grains, and the level at which price support is made available for feed grains. “(2) notwithstanding the provisions of paragraph (1), for the 1966 crop, price support for wheat accompanied by domestic marketing certificates shall be at 100 per centum of the parity price therefor, and price support for wheat not accompanied by mar-79 Stat. 1204keting certificates shall be. not less than $1.25 per bushel. For any crop of wheat planted for harvest during the calendar years 1967 through 1969 for which the diversion factor established pursuant to section 339(a) of the Agricultural Adjustment Act or 1938, as amended, is not less than 10 per centum, the total average rate of return per bushel made available to a cooperator on the estimated {)reduction of his allotment based on projected yield through cans, domestic marketing certificates, estimated returns from export marketing certificates, and diversion payments for acreage diverted pursuant to section 339(a) of the Agricultural Adjustment Act of 1938, as amended, shall not be less than the total average rate of return per bushel made available to cooperators through loans and domestic marketing certificates for the 1966 crop. “(3) Price support shall be made available only to cooperators, and “(4) A ‘cooperator’ with respect, to any crop of wheat produced on a farm shall be a producer who (i) does not knowingly exceed (A) the farm acreage allotment for wheat on the farm or (B) except as the Secretary may by regulation prescribe, the farm acreage allotment for wheat on any other farm on which the producer shares in the production of wheat, and (ii) complies with the land-use requirements of section 339 of the Agricultural Adjustment Act of 1938, as amended, to the extent prescribed by the Secretary. No producer shall be deemed to have exceeded a farm acreage allotment for wheat if the production on the acreage in excess of the farm acreage allotment is stored pursuant to the provisions of section 379c(b), but the producer shall not be eligible to receive price support on the wheat so stored.”
Pub. L. 89-321, tit. V, sec. 506 | Justis AI