§1448 — Title 7 Agriculture | U.S. Code

Summary

Make price support available, when possible, to farmers who grow storable nonbasic commodities that have a marketing quota, agreement, or order, as long as the farmers follow that program. The support cannot be more than 90% of the commodity’s parity price. The minimum support depends on the supply percentage at the start of the marketing year: if supply is 102% or less, the minimum is 90% of parity; for each 2-point increase in supply above 102 up to 130, the minimum falls by 1 percentage point, ending at 75% when supply is over 130. The Secretary can set a lower support level than these minimums if, after checking available funds for mandatory price support programs and considering the other factors in section 1421(b) of this title, a lower level is judged desirable and proper.

Title 7, §1448

Agriculture — Source: USLM XML via OLRC

Without restricting price support to those commodities for which a marketing quota or marketing agreement or order program is in effect, price support shall, insofar as feasible, be made available to producers of any storable nonbasic agricultural commodity for which such a program is in effect and who are complying with such program. The level of such support shall not be in excess of 90 per centum of the parity price of such commodity nor less than the level provided in the following table: If the supply percentage as of the beginning of the marketing year is:The level of support shall be not less than the following percentage of the parity price: Not more than 10290 More than 102 but not more than 10489 More than 104 but not more than 10688 More than 106 but not more than 10887 More than 108 but not more than 11086 More than 110 but not more than 11285 More than 112 but not more than 11484 More than 114 but not more than 11683 More than 116 but not more than 11882 More than 118 but not more than 12081 More than 120 but not more than 12280 More than 122 but not more than 12479 More than 124 but not more than 12678 More than 126 but not more than 12877 More than 128 but not more than 13076 More than 13075 Provided, That the level of price support may be less than the minimum level provided in the foregoing table if the Secretary, after examination of the availability of funds for mandatory price support programs and consideration of the other factors specified in section 1421(b) of this title, determines that such lower level is desirable and proper.

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Inapplicability of Section Section inapplicable to 2014 through 2018 crops of covered commodities, cotton, and sugar and inapplicable to milk during period beginning Feb. 7, 2014, through Dec. 31, 2018, see section 9092(b)(9) of this title. Section inapplicable to 2008 through 2012 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning

June 18, 2008, through Dec. 31, 2012, see section 8782(b)(9) of this title. Section inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning

May 13, 2002, through Dec. 31, 2007, see section 7992(b)(9) of this title. Section inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning Apr. 4, 1996, and ending Dec. 31, 2002, see section 7301(b)(1)(I) of this title.

§1448 Price Support Levels for Storable Nonbasic Agricultural Commodities

Summary

Title 7, §1448

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Citations & Metadata