Pub. L. 91-524, tit. IV, sec. 409
Pub. L. 91-524, tit. IV, sec. 409
Sec. 409. Section 407 of the Agricultural Act of 1949, as amended, is further amended effective only with respect to the marketing years for the 1971, 1972, and 1973 crops of the commodity as follows: (1) by deleting in the third sentence the language following the third colon and substituting the following: “Provided, That the Corporation shall not sell any of its stocks of wheat, corn, grain sorghum, barley, oats, and rye, respectively, at less than 115 per centum of the current national average loan rate for the commodity, adjusted for such current market differentials reflecting grade, quality, location, and other value factors as the Secretary determines appropriate, plus reasonable carrying charges.” (2) by deleting in the fifth sentence “current basic county support rate including the value of any applicable price-support payment in kind (or a comparable price if there is no current basic county support rate)” and substituting “current basic county loan rate (or a comparable price if there is no current basic county loan rate) ”, and (3) by deleting in the seventh sentence “, but in no event shall the purchase price exceed the then current support price for such commodities.” and substituting “or unduly affecting market prices, but in no event shall the purchase price exceed the Corporation’s minimum sales price for such commodities for unrestricted use.”