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7 U.S.C. § 8783 — Availability of quality incentive payments

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

7 U.S.C. § 8783 — Availability of quality incentive payments

Page 2245 TITLE 7—AGRICULTURE § 8783 (1) Section 101 (7 U.S.C. 1441). (2) Section 103(a) (7 U.S.C. 1444(a)). (3) Section 105 (7 U.S.C. 1444b). (4) Section 107 (7 U.S.C. 1445a). (5) Section 110 (7 U.S.C. 1445e). (6) Section 112 (7 U.S.C. 1445g). (7) Section 115 (7 U.S.C. 1445k). (8) Section 201 (7 U.S.C. 1446). (9) Title III (7 U.S.C. 1447 et seq.). (10) Title IV (7 U.S.C. 1421 et seq.), other than sections 404, 412, and 416 (7 U.S.C. 1424, 1429, and 1431). (11) Title V (7 U.S.C. 1461 et seq.). (12) Title VI (7 U.S.C. 1471 et seq.). (c) Suspension of certain quota provisions The joint resolution entitled ‘‘A joint resolu- tion relating to corn and wheat marketing quotas under the Agricultural Adjustment Act of 1938, as amended’’, approved May 26, 1941 (7 U.S.C. 1330 and 1340), shall not be applicable to the crops of wheat planted for harvest in the calendar years 2008 through 2012. (Pub. L. 110–234, title I, § 1602, May 22, 2008, 122 Stat. 1001; Pub. L. 110–246, § 4(a), title I, § 1602, June 18, 2008, 122 Stat. 1664, 1729.) Editorial Notes REFERENCES IN TEXT The Agricultural Adjustment Act of 1938, referred to in subsec. (a), is act Feb. 16, 1938, ch. 30, 52 Stat. 31, which is classified principally to chapter 35 (§ 1281 et seq.) of this title. Parts II through V of subtitle B of title III of the Act are classified generally to subparts II (§ 1321 et seq.), III (§ 1331 et seq.), IV (§ 1341 et seq.), and V (§ 1351, which was omitted from the Code), respec- tively, of part B of subchapter II of chapter 35 of this title. Subtitle D of title III of the Act is classified gen- erally to part D (§ 1379a et seq.) of subchapter II of chapter 35 of this title. Title IV of the Act was classi- fied generally to subchapter III (§ 1401 et seq.) of chap

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Page 2245 TITLE 7—AGRICULTURE § 8783 (1) Section 101 (7 U.S.C. 1441). (2) Section 103(a) (7 U.S.C. 1444(a)). (3) Section 105 (7 U.S.C. 1444b). (4) Section 107 (7 U.S.C. 1445a). (5) Section 110 (7 U.S.C. 1445e). (6) Section 112 (7 U.S.C. 1445g). (7) Section 115 (7 U.S.C. 1445k). (8) Section 201 (7 U.S.C. 1446). (9) Title III (7 U.S.C. 1447 et seq.). (10) Title IV (7 U.S.C. 1421 et seq.), other than sections 404, 412, and 416 (7 U.S.C. 1424, 1429, and 1431). (11) Title V (7 U.S.C. 1461 et seq.). (12) Title VI (7 U.S.C. 1471 et seq.). (c) Suspension of certain quota provisions The joint resolution entitled ‘‘A joint resolu- tion relating to corn and wheat marketing quotas under the Agricultural Adjustment Act of 1938, as amended’’, approved May 26, 1941 (7 U.S.C. 1330 and 1340), shall not be applicable to the crops of wheat planted for harvest in the calendar years 2008 through 2012. (Pub. L. 110–234, title I, § 1602, May 22, 2008, 122 Stat. 1001; Pub. L. 110–246, § 4(a), title I, § 1602, June 18, 2008, 122 Stat. 1664, 1729.) Editorial Notes REFERENCES IN TEXT The Agricultural Adjustment Act of 1938, referred to in subsec. (a), is act Feb. 16, 1938, ch. 30, 52 Stat. 31, which is classified principally to chapter 35 (§ 1281 et seq.) of this title. Parts II through V of subtitle B of title III of the Act are classified generally to subparts II (§ 1321 et seq.), III (§ 1331 et seq.), IV (§ 1341 et seq.), and V (§ 1351, which was omitted from the Code), respec- tively, of part B of subchapter II of chapter 35 of this title. Subtitle D of title III of the Act is classified gen- erally to part D (§ 1379a et seq.) of subchapter II of chapter 35 of this title. Title IV of the Act was classi- fied generally to subchapter III (§ 1401 et seq.) of chap- ter 35 of this title, and was omitted from the Code. For complete classification of this Act to the Code, see sec- tion 1281 of this title and Tables. The date of enactment of this Act, referred to in sub- secs. (a) and (b), is the date of enactment of Pub. L. 110–246, which was approved June 18, 2008. The Agricultural Act of 1949, referred to in subsec. (b), is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, which is classified principally to chapter 35A (§ 1421 et seq.) of this title. Title III of the Act is classified generally to sections 1447 to 1449 of this title. Title IV of the Act is classified principally to subchapter I (§ 1421 et seq.) of chapter 35A of this title. Title V of the Act, which was classified generally to subchapter IV (§ 1461 et seq.) of chapter 35A of this title, was omitted from the Code. Title VI of the Act is classified generally to subchapter V (§ 1471 et seq.) of chapter 35A of this title. For com- plete classification of this Act to the Code, see Short Title note set out under section 1421 of this title and Tables. The joint resolution relating to corn and wheat mar- keting quotas under the Agricultural Adjustment Act of 1938, referred to in subsec. (c), is act May 26, 1941, ch. 133, 55 Stat. 203, which enacted sections 1330 and 1340 of this title. Section 1330 was subsequently omitted from the Code. CODIFICATION Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Enactment 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, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title. § 8783. Availability of quality incentive payments for covered oilseed producers (a) Incentive payments required Subject to subsection (b) and the availability of appropriations under subsection (h), the Sec- retary shall use funds made available under sub- section (h) to provide quality incentive pay- ments for the production of oilseeds with spe- cialized traits that enhance human health, as determined by the Secretary. (b) Covered oilseeds The Secretary shall make payments under this section only for the production of an oilseed variety that has, as determined by the Sec- retary— (1) been demonstrated to improve the health profile of the oilseed for use in human con- sumption by— (A) reducing or eliminating the need to partially hydrogenate the oil derived from the oilseed for use in human consumption; or (B) adopting new technology traits; and (2) 1 or more impediments to commercializa- tion. (c) Request for proposals (1) Issuance If funds are made available to carry out this section for a crop year, the Secretary shall issue a request for proposals for payments under this section. (2) Multiyear proposals A proponent may submit a multiyear pro- posal for payments under this section. (3) Content of proposals A proposal for payments under this section shall include a description of— (A) how use of the oilseed enhances human health; (B) the impediments to commercial use of the oilseed; (C) each oilseed variety described in sub- section (b) and the value of the oilseed vari- ety as a matter of public policy; (D) a range for the base price and pre- miums per bushel or hundredweight to be paid to producers; (E) a per bushel or hundredweight amount of incentive payments requested for each year under this section that does not exceed 1⁄3 of the total premium offered for any year; (F) the period of time, not to exceed 4 years, during which incentive payments are to be provided to producers; and (G) the targeted total quantity of produc- tion and estimated acres needed to produce the targeted quantity for each year under this section. (d) Contracts for production (1) In general The Secretary shall approve successful pro- posals submitted under subsection (c) on a timely basis. Page 2246 TITLE 7—AGRICULTURE § 8784 (2) Timing of payments The Secretary shall make payments to pro- ducers under this section after the Secretary receives documentation that the premium re- quired under a contract has been paid to cov- ered producers. (e) Administration (1) In general If funding provided for a crop year is not fully allocated under the initial request for proposals under subsection (c), the Secretary shall issue additional requests for proposals for subsequent crop years under this section. (2) Prorated payments If funding provided for a crop year is less than the amount otherwise approved by the Secretary or for which approval is sought, the Secretary shall prorate the payments or ap- provals in a manner determined by the Sec- retary so that the total payments do not ex- ceed the funding level. (f) Proprietary information The Secretary shall protect proprietary infor- mation provided to the Secretary for the pur- pose of administering this section. (g) Program compliance and penalties (1) Guarantee The proponent, if approved, shall be required to guarantee that the oilseed on which a pay- ment is made by the Secretary under this sec- tion is used for human consumption as de- scribed in the proposal, as approved by the Secretary. (2) Noncompliance If oilseeds on which a payment is made by the Secretary under this section are not actu- ally used for the purpose the payment is made, the proponent shall be required to pay to the Secretary an amount equal to, as determined by the Secretary— (A) in the case of an inadvertent failure, twice the amount of the payment made by the Secretary under this section to the pro- ducer of the oilseeds; and (B) in any other case, up to twice the full value of the oilseeds involved. (3) Documentation The Secretary may require such assurances and documentation as may be needed to en- force the guarantee. (4) Additional penalties (A) In general In addition to payments required under paragraph (2), the Secretary may impose penalties on additional persons that use oil- seeds the use of which is restricted under this section for a purpose other than the in- tended use. (B) Amount The amount of a penalty under this para- graph shall— (i) be in an amount determined appro- priated by the Secretary; but (ii) not to exceed twice the full value of the oilseeds. (h) Authorization of appropriations There are authorized to be appropriated such sums as are necessary to carry out this section for each of fiscal years 2009 through 2012. (Pub. L. 110–234, title I, § 1605, May 22, 2008, 122 Stat. 1016; Pub. L. 110–246, § 4(a), title I, § 1605, June 18, 2008, 122 Stat. 1664, 1744.) Editorial Notes CODIFICATION Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Enactment 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, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title. § 8784. Assignment of payments (a) In general The provisions of section 590h(g) of title 16, re- lating to assignment of payments, shall apply to payments made under this chapter. (b) Notice The producer making the assignment, or the assignee, shall provide the Secretary with no- tice, in such manner as the Secretary may re- quire, of any assignment made under this sec- tion. (Pub. L. 110–234, title I, § 1608, May 22, 2008, 122 Stat. 1018; Pub. L. 110–246, § 4(a), title I, § 1608, June 18, 2008, 122 Stat. 1664, 1746.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsec. (a), was in the original ‘‘this title’’, meaning title I of Pub. L. 110–246, June 18, 2008, 122 Stat. 1664, which is classified prin- cipally to this chapter. For complete classification of title I to the Code, see Tables. CODIFICATION Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Enactment 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, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title. § 8785. Tracking of benefits As soon as practicable after the date of enact- ment of this Act, the Secretary may track the benefits provided, directly or indirectly, to indi- viduals and entities under titles I and II and the amendments made by those titles. (Pub. L. 110–234, title I, § 1609, May 22, 2008, 122 Stat. 1018; Pub. L. 110–246, § 4(a), title I, § 1609, June 18, 2008, 122 Stat. 1664, 1746.)

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

7 U.S.C. § 1441 — Price support levels

The Secretary of Agriculture (hereinafter called the “Secretary”) is authorized and directed to make available through loans, purchases, or other operations, price support to cooperators for any crop of any basic agricultural commodity, if producers have not disapproved marketing quotas for such crop, at a level not in excess of 90 per centum of the parity price of the commodity nor less than the level provided in subsections (a), (b), and (c) as follows: (a) For corn and wheat, 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 10290 More than 102 but not more than 10489 More than 104 but not more than 10688 More than 106 but not more than 10887 More than 108 but not more than 11086 More than 110 but not more than 11285 More than 112 but not more than 11484 More than 114 but not more than 11683 More than 116 but not more than 11882 More than 118 but not more than 12081 More than 120 but not more than 12280 More than 122 but not more than 12479 More than 124 but not more than 12678 More than 126 but not more than 12877 More than 128 but not more than 13076 More than 13075 For rice of the 1959 and 1960 crops, the level of support shall be not less than 75 per centum of the parity price. For rice of the 1961 crop the level of support shall be not less than 70 per centum of the parity price. For the 1962 and subsequent crops of rice the level of support shall be not less than 65 per centum of the parity price. (b) For cotton, 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 10890 More than 108 but not more than 11089 More than 11

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

7 U.S.C. § 1441 — Price support levels

Page 735 TITLE 7—AGRICULTURE § 1441 (b)(1) During any year in which no set-aside or diversion of acreage is in effect under the Agri- cultural Act of 1949 [7 U.S.C. 1421 et seq.], the Secretary of Agriculture may formulate and ad- minister a program for the production, subject to such terms and conditions as he may pre- scribe, of commodities for conversion into alco- hol or hydrocarbons for use as motor fuel or other fuel. Under such program, producers of wheat, feed grains, upland cotton, and rice shall be paid incentive payments to devote a portion of their acreage to such production. (2) The payments under this subsection shall be made at such rate or rates as the Secretary of Agriculture determines to be fair and reason- able, taking into consideration the participation necessary to ensure an adequate supply of com- modities for such conversion. (3) The Secretary may issue any regulations necessary to carry out the provisions of this subsection. (4) There are authorized to be appropriated such sums as may be necessary to carry out the provisions of this subsection. (Pub. L. 95–113, title XX, § 2001, as added Pub. L. 96–294, title II, § 260(a), June 30, 1980, 94 Stat. 709.) Editorial Notes REFERENCES IN TEXT The Agricultural Act of 1949, referred to in subsecs. (a) and (b)(1), is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, which is classified principally to this chapter (§ 1421 et seq.). For complete classification of this Act to the Code, see Short Title note set out under section 1421 of this title and Tables. CODIFICATION Section was enacted as part of the Food and Agri- culture Act of 1977 as added by the Biomass Energy and Alcohol Fuels Act of 1980 which is title II of the Energy and Security Act, and not as part of the Agricultural

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

7 U.S.C. § 1444 — Cotton price support levels

**(a) Basic support levels for 1961 and subsequent years** Notwithstanding the provisions of [section 1441 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1441&num=0&edition=prelim), price support to cooperators for each crop of upland cotton, beginning with the 1961 crop, for which producers have not disapproved marketing quotas shall be at such level not more than 90 per centum of the parity price therefor nor less than the minimum level prescribed below as the Secretary determines appropriate after consideration of the factors specified in [section 1421(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1421/b&num=0&edition=prelim). For the 1961 crop the minimum level shall be 70 per centum of the parity price therefor, and for each subsequent crop the minimum level shall be 65 per centum of the parity price therefor: Provided, That the price support for the 1965 crop shall be a national average support price which reflects 30 cents per pound for Middling one-inch cotton. Price support in the case of noncooperators and in case marketing quotas are disapproved shall be as provided in section 1441(d)(3) and (5) 11 See References in Text note below. of this title. **(b) Additional support levels for 1964 and 1965** If producers have not disapproved marketing quotas, the Secretary shall provide additional price support on the 1964 and 1965 crops of upland cotton to cooperators on whose farms the acreage planted to upland cotton for harvest does not exceed the farm domestic allotment established under [section 1350 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1350&num=0&edition=prelim). Such additional support shall be at a level up to 15 per c

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

7 U.S.C. § 1444 — Cotton price support levels

Page 741 TITLE 7—AGRICULTURE § 1444 1 See References in Text note below. (b) Referendum of producers of corn Not later than December 15, 1956, the Sec- retary shall conduct a referendum of producers of corn in 1956 in the commercial corn-producing area to determine whether such producers favor a price-support program as provided in sub- section (c) of this section for the 1957 and subse- quent crops in lieu of acreage allotments as pro- vided in the Agricultural Adjustment Act of 1938, as amended [7 U.S.C. 1281 et seq.], and price support as provided in section 1441 of this title. (c) Restriction on acreage allotment of corn; price support level Notwithstanding any other provision of law, if two-thirds or more of the producers voting in the referendum conducted pursuant to sub- section (b) favor a price-support program as pro- vided in this subsection, no acreage allotment of corn shall be established for the commercial corn-producing area for any county, or for any farm, with respect to the 1957 and subsequent crops, and price support made available for such crops by Commodity Credit Corporation shall be at such level as the Secretary determines will assist producers in marketing corn in the nor- mal channels of trade but not encourage the un- economic production of corn. (d) Price support level for 1956 and 1957 crops of grain sorghums, barley, rye, oats, and corn Notwithstanding any other provision of law, (1) the level of price support for the 1956 crop of grain sorghums, barley, rye, and oats, respec- tively, shall be 76 per centum of the parity price for the commodity as of May 1, 1956, (2) the level of price support for corn produced outside the commercial corn-producing area, for any crop for which base acreages are in effect (except

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

7 U.S.C. § 1444b — Feed grains; price support program

**(a)** Notwithstanding the provisions of [section 1441 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1441&num=0&edition=prelim), beginning with the 1964 crop, price support shall be made available to producers for each crop of corn at such level, not less than 50 per centum or more than 90 per centum of the parity price therefor, as the Secretary determines will not result in increasing Commodity Credit Corporation stocks of corn: Provided, That in the case of any crop for which an acreage diversion program is in effect for feed grains, the level of price support for corn of such crop shall be at such level not less than 65 per centum or more than 90 per centum of the parity price therefor as the Secretary determines necessary to achieve the acreage reduction goal established by him for the crop. **(b)** Beginning with the 1959 crop, price support shall be made available to producers for each crop of oats, rye, barley, and grain sorghums at such level of the parity price therefor as the Secretary of Agriculture determines is fair and reasonable in relation to the level at which price support is made available for corn, taking into consideration the feeding value of such commodity in relation to corn, and the other factors set forth in [section 1421(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1421/b&num=0&edition=prelim).

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

7 U.S.C. § 1444b — Feed grains; price support program

Page 753 TITLE 7—AGRICULTURE § 1444b modity Credit Corporation shall not make any expenditures for carrying out the purposes of this subsection unless the Corporation has re- ceived funds to cover such expenditures from ap- propriations made to carry out the purposes of this subsection. There are hereby authorized to be appropriated to the Commodity Credit Cor- poration such sums as the Congress may from time to time determine to be necessary to carry out the purposes of this subsection. (Oct. 31, 1949, ch. 792, title I, § 104, as added Pub. L. 85–835, title II, § 201, Aug. 28, 1958, 72 Stat. 993; amended Pub. L. 88–297, title I, § 103(a), Apr. 11, 1964, 78 Stat. 174; Pub. L. 91–524, title VI, § 611, Nov. 30, 1970, as added Pub. L. 93–86, § 1(24), Aug. 10, 1973, 87 Stat. 235; Pub. L. 103–437, § 4(a)(6), Nov. 2, 1994, 108 Stat. 4581.) Editorial Notes REFERENCES IN TEXT The Agricultural Adjustment Act of 1938, as amended, referred to in subsec. (a), 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. This Act, referred to in subsec. (d), is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, known as the Agricultural Act of 1949, which is classified principally to this chapter (§ 1421 et seq.). For complete classification of this Act to the Code, see Short Title note set out under section 1421 of this title and Tables. CODIFICATION Subsec. (b)(1) of this section, as added by section 201 of Pub. L. 85–835, enacted section 330 of Agricultural Adjustment Act of 1938, which is classified as section 1329a of this title. Subsec. (b)(2) of this section, as added by section 201 of Pub. L. 85–8

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

7 U.S.C. § 1445a — Wheat price support levels; “cooperator” defined

Notwithstanding the provisions of [section 1441 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1441&num=0&edition=prelim), beginning with the 1964 crop— (1) Price support for wheat accompanied by domestic certificates shall be at such level not less than 65 per centum or more than 90 per centum of the parity price therefor as the Secretary determines appropriate, taking into consideration the factors specified in [section 1421(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1421/b&num=0&edition=prelim). (2) Price support for wheat accompanied by export certificates shall be at such level not more than 90 per centum of the parity price therefor as the Secretary determines appropriate, taking into consideration the factors specified in [section 1421(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1421/b&num=0&edition=prelim). (3) Price support for wheat not accompanied by marketing certificates shall be at such level, not in excess of 90 per centum of the parity price therefor, as the Secretary determines appropriate, taking into consideration competitive world prices of wheat, the feeding value of wheat in relation to feed grains, and the level at which price support is made available for feed grains. (4) Price support shall be made available only to cooperators: and, if a commercial wheat-producing area is established for such crop, price support shall be made available only in the commercial wheat-producing area. (5) Effective with respect to crops planted for harvest in the calendar year 1966 and any subsequent year, the level of price support for any crop of wheat for which a national marketing quota is not proclaimed or for which

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

7 U.S.C. § 1445a — Wheat price support levels; ‘‘cooperator’’

Page 761 TITLE 7—AGRICULTURE § 1445a 1 See References in Text note below. modity Credit Corporation on the date that is 2 years after the call of the loans on such to- bacco by the Corporation. (E) Any purchases by a manufacturer from the inventories of the associations or from the Com- modity Credit Corporation for a crop covered by this section in any year of the buy-out period that exceed the quantity of the purchases of the manufacturer required under the agreement, as determined under this section, shall be applied against future purchases required of such manu- facturer. (3) In carrying out this section, manufacturers may confer with one another and, separately or collectively, with associations, the Secretary of Agriculture, and the Commodity Credit Corpora- tion, as may be necessary or appropriate to carry out this section and the purposes of this subtitle.1 (d) Approval of agreements (1)(A) Each agreement entered into under this section shall be submitted to the Secretary of Agriculture for review and approval. (B) In the case of an agreement to purchase to- bacco from the inventory of a producer associa- tion, the agreement shall be submitted by the association. (C) No agreement may become effective until approved by the Secretary. (2) The Secretary of Agriculture shall not ap- prove any agreement submitted under this sec- tion unless the Secretary has determined that— (A) the agreement— (i) will not unduly impair or disrupt the orderly marketing of current and future to- bacco crops during the term of the agree- ment; and (ii) is otherwise consistent with the pur- poses of this subtitle; 1 and (B) the price and other terms of sale are uni- form and nondiscriminatory among various purchasers. (e) Disclosure The limitations on discl

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

7 U.S.C. § 1445e — Farmer owned reserve program

**(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

Stored review status: release_metadata_unconfirmed. The source passage cites 7 U.S.C. § 1445e. This identifies an authority to review, not proof of applicability.

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

7 U.S.C. § 1445e — Farmer owned reserve program

Page 765 TITLE 7—AGRICULTURE § 1445e Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1981 AMENDMENT Amendment by Pub. L. 97–98 effective Dec. 22, 1981, see section 1801 of Pub. L. 97–98, set out as an Effective Date note under section 4301 of this title. EFFECTIVE DATE Section effective Oct. 1, 1977, see section 1901 of Pub. L. 95–113, set out as an Effective Date of 1977 Amend- ment note under section 1307 of this title. § 1445e. Farmer owned reserve program (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 com- modities are in abundant supply, extend the time period for the orderly marketing of the commodities, and provide for adequate carry- over 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 expira- tion of a 9-month price support loan (hereafter in this section referred to as the ‘‘original loan’’) made in accordance with this sub- chapter. (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 es- tablished under this subchapter. (3) Other terms and conditions The Secretary shall provide for— (A) repayment of the extended price sup- port loan 27 months from the date on which the original loan expired unless, at the dis- cretion 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

Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 1445e

Stored review status: historical_2024_not_currentness_verified. The source passage cites 7 U.S.C. § 1445e. This identifies an authority to review, not proof of applicability.