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7 U.S.C. § 4005 — “Fuel conversion price” defined
Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter, the phrase “fuel conversion price” means the price for an agricultural commodity determined by the Secretary of Agriculture that will permit gasoline-alcohol mixtures using alcohol produced from the commodity to be competitive in price with unleaded gasoline priced at the point it leaves the refinery, adjusted for differences in octane rating, taking into consideration the energy value of the commodity and other appropriate values designed to represent, on a national average basis, the value of byproducts also recoverable from the commodity; the direct costs and capital recovery costs for a grain alcohol distillery capable of producing forty million gallons of alcohol and recovering byproducts annually; and Federal tax and other Federal incentives applicable to alcohol used for fuel.
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Stable record: federal_law:legal_authorities:record_usc_429665027b91b0587f12e404
Source file: Laws/federal/codes/united-states-code/title-7/section-4005-fuel-conversion-price-defined--1d17d5e7ec.md
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Source location: Title 7, Chapter 71, § 4005; chapter-071-agricultural-trade-suspension-adjustment.md
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As used in this chapter, the phrase “fuel conversion price” means the price for an agricultural commodity determined by the Secretary of Agriculture that will permit gasoline-alcohol mixtures using alcohol produced from the commodity to be competitive in price with unleaded gasoline priced at the point it leaves the refinery, adjusted for differences in octane rating, taking into consideration the energy value of the commodity and other appropriate values designed to represent, on a national average basis, the value of byproducts also recoverable from the commodity; the direct costs and capital recovery costs for a grain alcohol distillery capable of producing forty million gallons of alcohol and recovering byproducts annually; and Federal tax and other Federal incentives applicable to alcohol used for fuel.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act Oct. 31, 1949, ch. 792, title I, § 113, as added Dec. 3, 1980, Pub. L. 96–494, title II, § 207, 94 Stat. 2572; amended Dec. 22, 1981, Pub. L. 97–98, title XI, § 1105, 95 Stat. 1264; Dec. 23, 1985, Pub. L. 99–198, title X, § 1011, 99 Stat. 1454; Nov. 28, 1990, Pub. L. 101–624, title XI, § 1125, 104 Stat. 3506, authorized Secretary to announce and provide for supplemental set-aside and acreage limitation program.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1445h
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Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 4001
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Federal law — U.S. Code and appendices · legal_authorities
In the fulfillment of its purposes and in carrying out its annual budget programs submitted to and approved by the Congress pursuant to chapter 91 of title 31, the Corporation is authorized to use its general powers only to—
**(a)** Support the prices of agricultural commodities (other than tobacco) through loans, purchases, payments, and other operations.
**(b)** Make available materials and facilities required in connection with the production and marketing of agricultural commodities (other than tobacco).
**(c)** Procure agricultural commodities (other than tobacco) for sale to other Government agencies, foreign governments, and domestic, foreign, or international relief or rehabilitation agencies, and to meet domestic requirements.
**(d)** Remove and dispose of or aid in the removal or disposition of surplus agricultural commodities (other than tobacco).
**(e)** Increase the domestic consumption of agricultural commodities (other than tobacco) by expanding or aiding in the expansion of domestic markets or by developing or aiding in the development of new and additional markets, marketing facilities, and uses for such commodities.
**(f)** Export or cause to be exported, or aid in the development of foreign markets for, agricultural commodities (other than tobacco) (including fish and fish products, without regard to whether such fish are harvested in aquacultural operations).
**(g)** Carry out conservation or environmental programs authorized by law.
**(h)** Carry out such other operations as the Congress may specifically authorize or provide for.In the Corporation’s purchasing and selling operations with respect to agricultural commodities (other than tobacco) (except sales to other Government agencies), and in the warehousing, transporting, processing, or h
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 714c
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Commodity Credit Corporation may sell any farm commodity owned or controlled by the Corporation at any price not prohibited by this section.
**(b) Inventories** In determining sales policies for basic agricultural commodities or storable nonbasic commodities, the Corporation should consider the establishment of such policies with respect to prices, terms, and conditions as the Corporation determines will not discourage or deter manufacturers, processors, and dealers from acquiring and carrying normal inventories of the commodity of the current crop.
**(c) Sales price restrictions**
(1) **In general** — Except as otherwise provided in this section, the Corporation shall not sell any basic agricultural commodity or storable nonbasic commodity at less than 115 percent of the lower of—
(A) the current national average price support loan rate for the commodity adjusted for the current market differentials reflecting grade, quality, location, reasonable carrying charges, and other factors determined appropriate by the Corporation; or
(B) the loan repayment level.
(2) **Extra long staple cotton** — The Corporation may sell extra long staple cotton for unrestricted use at such price as the Corporation determines is appropriate to maintain and expand export and domestic markets.
(3) **Oilseeds** — The Corporation shall not sell oilseeds at less than the lower of—
(A) 105 percent of the current national average price support loan rate for the oilseed, adjusted for the current market differentials reflecting grade, quality, location, reasonable carrying charges, and other factors determined appropriate by the Corporation; or
(B) 115 percent of the loan repayment level.
(4) **Wheat and feed grains** — Whenever the producer reserve program fo
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1427
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall formulate and administer a farmer owned reserve program under which producers of wheat and feed grains will be able to store wheat and feed grains when the commodities are in abundant supply, extend the time period for the orderly marketing of the commodities, and provide for adequate carryover stocks to ensure a reliable supply of the commodities.
**(b) Terms of program**
(1) **Price support loans** — In carrying out this program, the Secretary shall provide extended price support loans for wheat and feed grains. An extended loan shall only be made to a producer after the expiration of a 9-month price support loan (hereafter in this section referred to as the “original loan”) made in accordance with this subchapter.
(2) **Level of loans** — Loans made under this section shall not be less than the then current level of support under the wheat and feed grain programs established under this subchapter.
(3) **Other terms and conditions** — The Secretary shall provide for—
(A) repayment of the extended price support loan 27 months from the date on which the original loan expired unless, at the discretion of the Secretary, the loan has been extended for one 6-month period;
(B) a rate of interest as provided under subsection (c); and
(C) payments to producers for storage as provided in subsection (d).
(4) **Regional differences** — The Secretary shall ensure that producers are afforded a fair and equitable opportunity to participate in the program established under this section, taking into account regional differences in the time of harvest.
**(c) Interest charges**
(1) **Levying of interest** — The Secretary may charge interest on loans under this section whenever the price of wheat or feed grains is equal to or exceeds
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1445e
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Federal law — U.S. Code and appendices · legal_authorities
Page 1677
TITLE 7—AGRICULTURE
§ 4201
Editorial Notes
CODIFICATION
Pub. L. 110–234 and Pub. L. 110–246 made identical
amendments to this section. The amendments by Pub.
L. 110–234 were repealed by section 4(a) of Pub. L.
110–246.
Section was enacted as part of the Agriculture and
Food Act of 1981, and not as part of the Agricultural
Act of 1980 which comprises this chapter.
AMENDMENTS
2008—Pub. L. 110–246, § 4002(b)(1)(B), (2)(II), made tech-
nical amendment to reference in original act which ap-
pears in text as reference to section 2013(b) of this title.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2008 AMENDMENT
Amendment of this section and repeal of Pub. L.
110–234 by Pub. L. 110–246 effective May 22, 2008, the
date of enactment of Pub. L. 110–234, except as other-
wise provided, see section 4 of Pub. L. 110–246, set out
as an Effective Date note under section 8701 of this
title.
Amendment by section 4002(b)(1)(B), (2)(II) of Pub. L.
110–246 effective Oct. 1, 2008, see section 4407 of Pub. L.
110–246, set out as a note under section 1161 of Title 2,
The Congress.
EFFECTIVE DATE
Section effective Dec. 22, 1981, see section 1801 of Pub.
L. 97–98, set out as a note under section 4301 of this
title.
§ 4005. ‘‘Fuel conversion price’’ defined
As used in this chapter, the phrase ‘‘fuel con-
version price’’ means the price for an agricul-
tural commodity determined by the Secretary of
Agriculture that will permit gasoline-alcohol
mixtures using alcohol produced from the com-
modity to be competitive in price with unleaded
gasoline priced at the point it leaves the refin-
ery, adjusted for differences in octane rating,
taking into consideration the energy value of
the commodity and other appropriate values de-
signed to represent,
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 4005
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.