Pub. L. 101-624, tit. XI, sec. 1124 (as amended)

COMPARABILITY OF STORAGE PAYMENTS.

Year: 2025Length: 168 wordsOfficial source
SEC. 1124. [7 U.S.C. 1445e note] COMPARABILITY OF STORAGE PAYMENTS. In making storage payments to producers under section 110 of the Agricultural Act of 1949 (7 U.S.C. 1445e) and to commercial warehousemen in accordance with the Commodity Credit Corporation Charter Act (15 U.S.C. 714 et seq.), the Commodity Credit Corporation and the Secretary of Agriculture shall, to the extent practicable, ensure that the rates of the storage payments made to producers are equivalent to average rates paid for commercial storage, taking into account the current demand for storage for commodities, efficiency, location, regulatory compliance costs, bonding requirements, and impact of user fees as determined by the Secretary, except that the rates paid to producers and commercial warehouse shall be established at rates that will result in no increase in current or projected combined outlays of the Commodity Credit Corporation for the storage payments made to producers and commercial warehouse as a result of the adjustment of storage rates under this section. * * * * * * *
Cross-references to the US Code
7 U.S.C. 1445e note
Pub. L. 101-624, tit. XI, sec. 1124 (as amended): COMPARABILITY OF STORAGE PAYMENTS. | Justis AI