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Title 7, AgricultureRelease 119-110

§1421a Financial Impact Study

Title 7 › CHAPTER 35A — PRICE SUPPORT OF AGRICULTURAL COMMODITIES › SUBCHAPTER I — GENERAL PROVISIONS › § 1421a

Last updated Sep 22, 2026|Official source

Summary

Secretary of Agriculture must annually study how support levels for programs under the Agricultural Act of 1949 affect finances, focusing on producers’ ability to meet debts, especially borrowers from Farmers Home Administration and Farm Credit System. Report must go to House and Senate agriculture committees by the Secretary’s final program announcement for the year. The study is only for information and oversight and cannot be used as a legal claim or evidence.

Full Legal Text

Title 7, §1421a

Agriculture, Source: USLM XML via OLRC

(a)Study
The Secretary of Agriculture shall conduct an annual study of the financial impact of the support levels established and announced by the Secretary under programs contained in the Agricultural Act of 1949 [7 U.S.C. 1421 et seq.] (hereafter in this section referred to as “programs”), including a study of the effect of the support levels on the ability of producers to meet their financial obligations (with special emphasis on borrowers from the Farmers Home Administration and the Farm Credit System).
(b)Report
The Secretary shall annually prepare a report containing the results of the study and submit the report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate, not later than the date of the final announcement for the programs by the Secretary for any 1 year.
(c)Informational purposes
The study under this section (including the study of the effect of the support levels on the ability of producers to meet their financial obligations) shall be only for informational purposes and for Congressional oversight and shall not give rise to any cause of action, be a basis for, or be used as evidence in support of, any claim or right of any person, including farmers and borrowers, in any administrative or judicial proceeding.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Agricultural Act of 1949, referred to in subsec. (a), is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, which is classified principally to this chapter (§ 1421 et seq.). For complete classification of this Act to the Code, see

Short Title

note set out under section 1421 of this title and Tables. Codification Section was enacted as part of the Food, Agriculture, Conservation, and Trade Act of 1990, and not as part of the Agricultural Act of 1949 which is classified principally to this chapter. For complete classification of the 1949 Act to the Code, see

Short Title

note set out under section 1421 of this title and Tables.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as a note under section 1421 of this title.

Reference

Citations & Metadata

Citation

7 U.S.C. § 1421a

Title 7, Agriculture

Last Updated

Sep 22, 2026

Release point: 119-110