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7 U.S.C. § 1445b–2 — Transferred

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

7 U.S.C. § 1445b–2 — Transferred

### Statutory Notes #### Codification Section, act Oct. 31, 1949, ch. 792, title I, § 107C, as added Sept. 8, 1982, Pub. L. 97–253, title I, § 120, 96 Stat. 766, and amended, which related to advance deficiency and diversion payments, was renumbered section 114 of act Oct. 31, 1949, by Pub. L. 101–624, title XI, § 1161(a)(1), Nov. 28, 1990, 104 Stat. 3520, and transferred to [section 1445j of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1445j&num=0&edition=prelim).

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Source location: Title 7, Chapter 35A, § 1445b–2; chapter-35a-price-support-of-agricultural-commodities.md

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

7 U.S.C. § 1445j — Deficiency and land diversion payments

**(a) Deficiency payments** (1) **In general** — If the Secretary establishes an acreage limitation program for any of the 1991 through 1997 crops of wheat, feed grains, upland cotton, or rice under this Act and determines that deficiency payments will likely be made for the commodity for the crop, the Secretary shall make advance deficiency payments available to producers for each of the crops. (2) **Terms and conditions** — Advance deficiency payments under paragraph (1) shall be made to the producer under the following terms and conditions: (A) *Form* — Such payments may be made available in the form of— (i) cash; (ii) commodities owned by the Commodity Credit Corporation and certificates redeemable in a commodity owned by the Commodity Credit Corporation, except that not more than 50 percent of the payments may be made in commodities or the certificates in the case of any producer; or (iii) any combination of clauses (i) and (ii). (B) *Commodities and certificates* — If payments are made available to producers as provided for under subparagraph (A)(ii), such producers may elect to receive such payments either in the form of— (i) such commodities; or (ii) such certificates. (C) *Maturity* — Such a certificate shall be redeemable for a period not to exceed 3 years from the date the certificate is issued. (D) *Storage* — The Commodity Credit Corporation shall pay the cost of storing a commodity that may be received under such a certificate until such time as the certificate is redeemed. (E) *Timing* — The payments shall be made available as soon as practicable after the producer enters into a contract with the Secretary to participate in such program. (F) *Amounts* — The payments shall be made available in such amounts as th

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