§5672 Development of Plans to Alleviate Adverse Impact of Embargoes

Summary

The Secretary of Agriculture must try, as much as possible, to reduce harm to farmers, elevator operators, common carriers, and exporters when the President or another federal official stops or limits exports of any agricultural commodity. The Secretary must make a detailed backup plan that checks if current farm programs can flexibly help, figures out what emergency information is needed to measure who is hurt and how badly, and sets rules for how much help each group should get. If no payments are covered under section 5671, the Secretary must send the right Congressional committees recommendations for changes or new programs. If payments are covered under section 5671, the Secretary must send those committees a plan to run that program. Before the Commodity Credit Corporation buys any contracts to offset a suspension or restriction, it must show an economic reason for each commodity, estimate both benefits and harms to exporters, and limit purchases to the specific types and grades affected at prices near current market rates.