§5624 — Title 7 Agriculture | U.S. Code

Summary

The Secretary of Agriculture or the Commodity Credit Corporation may trade U.S. farm products for foreign goods under rules they set. Eligible commodities are two kinds: those the CCC got through price‑support actions, and farm products the Department or CCC got in the normal course of business that are ready to be sold or moved. The Secretary or CCC must encourage exporters to use barter to get needed foreign items and to help grow foreign markets. They may give eligible commodities to exporters to help make barter deals and must offer technical advice if an exporter asks. The Secretary or CCC can give any foreign goods gained by barter to other federal agencies if they get full payback within the same fiscal year. This authority does not limit the CCC’s power to buy, hold, or sell foreign materials it needs. The Secretary and CCC must take reasonable steps to stop misuse of barter goods, such as replacing U.S. commercial sales, upsetting world prices or trade patterns, or allowing resale or shipment to the wrong country.

Title 7, §5624

Agriculture — Source: USLM XML via OLRC

(a)The Secretary or the Commodity Credit Corporation may provide eligible commodities in barter for foreign products under such terms and conditions as the Secretary or the Corporation shall prescribe.

(b)Unless otherwise specified, eligible commodities shall include—

(1)agricultural commodities acquired by the Commodity Credit Corporation through price support operations; and

(2)agricultural commodities acquired by the Secretary or the Commodity Credit Corporation in the normal course of business and available for disposition.

(c)(1)The Secretary or the Commodity Credit Corporation shall encourage exporters of agricultural commodities to barter such commodities for foreign products—

(A)to acquire such foreign products needed by such exporters; and

(B)to develop, maintain, or expand foreign markets for United States agricultural exports.

(2)The Secretary or the Commodity Credit Corporation may provide eligible commodities to exporters to assist such exporters in barter transactions.

(3)The Secretary or the Commodity Credit Corporation shall provide technical advice and assistance relating to the barter of agricultural commodities to any United States exporter who requests such advice or assistance.

(d)The Secretary or the Commodity Credit Corporation may transfer any foreign products that the Secretary or such Corporation obtains through barter activities to other Government agencies if the Corporation receives assurances that it will receive full reimbursement from the agency within the same fiscal year in which such transfer occurs.

(e)Nothing contained in this section shall limit the authority of the Commodity Credit Corporation to acquire, hold, or dispose of such foreign materials as such Corporation determines appropriate in carrying out the functions and protecting the assets of the Corporation.

(f)The Secretary or the Commodity Credit Corporation shall take reasonable precautions to prevent the misuse of eligible commodities in a barter or exchange program, including activities that—

(1)displace or interfere with commercial sales of United States agricultural commodities that otherwise might be made;

(2)unduly disrupt world prices of agricultural commodities or the normal patterns of commercial trade with recipient countries; or

(3)permit the resale or transshipment of eligible commodities to countries other than the intended recipient country.

Editorial Notes

Amendments

1991—Subsec. (d). Pub. L. 102–237 amended heading and substituted “Government” for “government” in text.

§5624 Barter of Agricultural Commodities

Summary

Title 7, §5624

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata