7 U.S.C. § 1745 — Computation of carryover

Page 1034 TITLE 7—AGRICULTURE § 1744 July 20, 1979, 44 F.R. 43239, which provided for adminis- tration of the commodity set-aside program, was re- voked by Ex. Ord. No. 12553, Feb. 25, 1986, 51 F.R. 7237. § 1744. Sale of commodities in set-aside; exemp- tion from pricing limitations (a) The Corporation shall have authority to sell, without regard to section 1743(a)(7) of this title, any commodity covered by the commodity set-aside for the purpose of rotating stocks or consolidating inventories, any such sale to be offset by purchase of the same commodity in a substantially equivalent quantity or of a sub- stantially equivalent value. (b) Dispositions pursuant to this chapter shall not be subject to the pricing limitations of sec- tion 1427 of this title. (Aug. 28, 1954, ch. 1041, title I, § 104, 68 Stat. 898.) § 1745. Computation of carryover The quantity of any commodity in the com- modity set-aside or transferred from the set- aside to the National Defense Stockpile estab- lished by the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98 et seq.) shall be excluded from the computation of ‘‘carryover’’ for the purpose of determining the price support level for such commodity under the Agricultural Act of 1949, as amended [7 U.S.C. 1421 et seq.], and related legislation, but shall be included in the computation of total supplies for purposes of acreage allotments and marketing quotas under the Agricultural Adjustment Act of 1938, as amended [7 U.S.C. 1281 et seq.], and related legis- lation. Until such time as the commodity set- aside has been completed, such quantity of the commodity as the Secretary shall determine be- tween the maximum and minimum quantities specified in section 1741 of this title shall be ex- cluded from the computations of ‘‘carryover’’ for the purpose of determining the price support level, but shall be included in the computation of total supplies for purposes of acreage allot- ments and marketing quotas, for the 1955 crop of the commodity, notwithstanding that the quan- tity so excluded may not have been acquired by the Corporation and included in the commodity set-aside. (Aug. 28, 1954, ch. 1041, title I, § 105, 68 Stat. 898; Pub. L. 96–41, § 3(a)(2), July 30, 1979, 93 Stat. 324.) Editorial Notes REFERENCES IN TEXT The Strategic and Critical Materials Stock Piling Act, referred to in text, is act June 7, 1939, ch. 190, as revised generally by Pub. L. 96–41, § 2, July 30, 1979, 93 Stat. 319, which is classified generally to subchapter III (§ 98 et seq.) of chapter 5 of Title 50, War and National Defense. For complete classification of this Act to the Code, see section 98 of Title 50 and Tables. The Agricultural Act of 1949, referred to in text, is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, which is classified principally to chapter 35A (§ 1421 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note under section 1421 of this title and Ta- bles. The Agricultural Adjustment Act of 1938, referred to in text, is act Feb. 16, 1938, ch. 30, 52 Stat. 31, which is classified principally to chapter 35 (§ 1281 et seq.) of this title. For complete classification of this Act to the Code, see section 1281 of this title and Tables. AMENDMENTS 1979—Pub. L. 96–41 substituted ‘‘the National Defense Stockpile established by the Strategic and Critical Ma- terials Stock Piling Act (50 U.S.C. 98 et seq.)’’ for ‘‘the national stockpile established pursuant to the act of June 7, 1939, as amended’’. § 1746. Records and accounts The Commodity Credit Corporation shall keep such records and accounts as may be necessary to show, for each commodity set-aside, the ini- tial and current composition, value (in accord- ance with section 1742 of this title), current in- vestment, quantity disposed of, method of dis- position, and amounts received on disposition. (Aug. 28, 1954, ch. 1041, title I, § 106, 68 Stat. 898.) § 1747. Authorization of appropriations; deter- mination of value of transferred commodity In order to make payment to the Commodity Credit Corporation for any commodities trans- ferred to the national stockpile pursuant to sec- tion 1743(a)(4) of this title, there are authorized to be appropriated amounts equal to the value of any commodities so transferred. The value of any commodity so transferred, for the purpose of this section, shall be the lower of the domes- tic market price or the Commodity Credit Cor- poration’s investment therein as of the date of transfer to the stockpile, as determined by the Secretary of Agriculture (Aug. 28, 1954, ch. 1041, title I, § 107, 68 Stat. 898.) § 1748. Annual reports by agricultural attache´s (a) In general The Secretary shall require appropriate offi- cers and employees of the Department of Agri- culture, including those stationed in foreign countries, to prepare and submit annually to the Secretary detailed reports that— (1) document the nature and extent of— (A) programs in such countries that pro- vide direct or indirect government support for the export of agricultural commodities and the products thereof; (B) other trade practices that may impede the entry of United States agricultural com- modities and the products thereof into such countries; and (C) where practicable, the average prices and costs of production in such countries for like commodities exported from the United States to such countries; and (2) identify opportunities for the export of United States agricultural commodities and the products thereof to such countries. (b) Duties The Secretary shall— (1) annually compile the information con- tained in reports prepared under subsection (a)— (A) on a country by country basis; and (B) on a commodity by commodity basis for exports of United States agricultural commodities, as determined appropriate by the Secretary, the export of which is ham- pered by an unfair trade practice. Where practicable, the report shall include a com-