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7 U.S.C. § 4003 — Study of potential for expansion of United States agricultural export markets; report to President and Congress

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 4003 — Study of potential for expansion of United States agricultural export markets; report to President and Congress

**(a)** The Secretary of Agriculture, in consultation with the United States Trade Representative and any other appropriate agency of the United States Government as determined by the Secretary, shall perform a study of the potential for expansion of United States agricultural export markets and the use of agricultural exports in obtaining natural resources or other commodities and products needed by the United States. The Secretary shall complete the study and submit to the President and Congress a report on the study before June 30, 1981. **(b)** In performing the study, the Secretary shall determine for the next five years— (1) world food, feed, and fiber needs; (2) estimated United States and world food, feed, and fiber production capabilities; (3) potential new or expanded foreign markets for United States agricultural products; (4) the potential for the development of international agreements for the exchange of United States agricultural products for natural resources, including energy sources, or other commodities and products needed by the United States; and (5) the steps that the United States must take to (A) increase agricultural export trade, and (B) obtain needed natural resources or other commodities and products in exchange for agricultural products, to the maximum extent feasible.

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Source file: Laws/federal/codes/united-states-code/title-7/section-4003-study-of-potential-for-expansion-of-united-states-agricultural-export-ma--9a70f4caa1.md
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Source location: Title 7, Chapter 71, § 4003; chapter-071-agricultural-trade-suspension-adjustment.md

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 4001 — Trade suspension reserves

Notwithstanding any other provision of law— **(a) Gasohol feedstock or food security reserves; establishment** Whenever the President or other member of the executive branch of Government causes the export of any agricultural commodity to any country or area of the world to be suspended or restricted for reasons of national security or foreign policy under the Export Administration Act of 1979 or any other provision of law and the Secretary of Agriculture determines that such suspension or restriction will result in a surplus supply of such commodity that will adversely affect prices producers receive for the commodity, the Secretary may establish a gasohol feedstock reserve or a food security reserve, or both, of the commodity, as provided in subsections (c) and (d) of this section, if the commodity is suitable for stockpiling in a reserve. **(b) Announcement of intention to establish reserves; contents** Within thirty days after the export of any agricultural commodity to a country or area is suspended or restricted as described in subsection (a) of this section, the Secretary of Agriculture shall announce whether a gasohol feedstock reserve or a food security reserve of the commodity, or both, will be established under this section and shall include in such announcement the amount of the commodity that will be placed in such reserves, which shall be that portion of the estimated exports of the commodity affected by the suspension or restriction, as determined by the Secretary, that should be removed from the market to prevent the accumulation of a surplus supply of the commodity that will adversely affect prices producers receive for the commodity. **(c) Acquisition of suitable agricultural commodities; payment of transportation and storage costs; disposition of a

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 4003 — Study of potential for expansion of United

Page 1675 TITLE 7—AGRICULTURE § 4004 (h) Payment for cost of storage; repayment of loans In carrying out the processor grain reserve program under this section, the Secretary may— (1) provide for the payment to processors of such amounts as the Secretary determines ap- propriate to cover the cost of storing grain held in the processor grain reserve, except that in no event may the rate of the payment paid under this clause for any period exceed the rate paid by the Secretary under the pro- ducer storage program for the same period; and (2) prescribe conditions under which the Sec- retary may require processors to repay loans made under this section, plus accrued interest thereon, refund amounts paid to the proc- essors for storage, and require the processors to pay such additional interest and other charges as may be required by regulation in the event any processor fails to abide by the terms and conditions of the loan or any regu- lation prescribed under this section. (i) Announcement of terms and conditions of program The Secretary shall announce the terms and conditions of the processor grain reserve pro- gram as far in advance of making loans as prac- ticable. (j) Use of Commodity Credit Corporation facili- ties The Secretary may use the facilities of the Commodity Credit Corporation to carry out this section. (k) Authorization of appropriations; appropria- tion acts as determining amount and extent of loans; expiration of authority to make loans There are authorized to be appropriated such sums as may be necessary to carry out this sec- tion. Any loans made under this section shall be made to such extent and such amounts as pro- vided in appropriation Acts. The authority to make loans under this section shall expire five years afte

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