7 U.S.C. § 1448 — Price support levels for storable nonbasic agricultural commodities
U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 35A - PRICE SUPPORT OF AGRICULTURAL COMMODITIES SUBCHAPTER III - NONBASIC AGRICULTURAL COMMODITIES Sec. 1448 - Price support levels for storable nonbasic agricultural commodities From the U.S. Government Publishing Office, www.gpo.gov
§1448. Price support levels for storable nonbasic agricultural commodities
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 102 90
More than 102 but not more than 104 89
More than 104 but not more than 106 88
More than 106 but not more than 108 87
More than 108 but not more than 110 86
More than 110 but not more than 112 85
More than 112 but not more than 114 84
More than 114 but not more than 116 83
More than 116 but not more than 118 82
More than 118 but not more than 120 81
More than 120 but not more than 122 80
More than 122 but not more than 124 79
More than 124 but not more than 126 78
More than 126 but not more than 128 77
More than 128 but not more than 130 76
More than 130 75
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.
(Oct. 31, 1949, ch. 792, title III, §302, 63 Stat. 1053.)
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.