7-U.S.C.-1421A
§1421A – Financial Impact Study
Pathway
Title 7 > Chapter 35A > Subchapter I > Section 1421a
Details
- Reference: Section 1421a
- Legend: §1421A – Financial Impact Study
- USCode Year: 2013
Provision Content
(a) Study
The Secretary of Agriculture shall conduct an annual study of the financial impact of the support levels established and announced by the Secretary under programs contained in the Agricultural Act of 1949 [7 U.S.C. 1421 et seq.] (hereafter in this section referred to as programs”), including a study of the effect of the support levels on the ability of producers to meet their financial obligations (with special emphasis on borrowers from the Farmers Home Administration and the Farm Credit System).
(b) Report
The Secretary shall annually prepare a report containing the results of the study and submit the report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate, not later than the date of the final announcement for the programs by the Secretary for any 1 year.
(c) Informational purposes
The study under this section (including the study of the effect of the support levels on the ability of producers to meet their financial obligations) shall be only for informational purposes and for Congressional oversight and shall not give rise to any cause of action, be a basis for, or be used as evidence in support of, any claim or right of any person, including farmers and borrowers, in any administrative or judicial proceeding.
(Pub. L. 101–624, title XI, §1147, Nov. 28, 1990, 104 Stat. 3516.)
References in Text
The Agricultural Act of 1949, referred to in subsec. (a), is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, as amended, 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, Agriculture, Conservation, and Trade Act of 1990, and not as part of the Agricultural Act of 1949 which is classified principally to this chapter. For complete classification of the 1949 Act to the Code, see Short Title note set out under section 1421 of this title and Tables.
Effective Date
Section effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101–624, set out as a note under section 1421 of this title.
U.S. Encyclopedia of Law Coverage
7-U.S.C.-1401 in the Legal Encyclopedia: Agriculture
In this entry about 7-U.S.C.-1401, find legal reference material, bibliographies and premiere content related to agriculture in the American Encyclopedia of Law, presenting a comprehensive view of the United States agriculture-specific issues, written by authorities in the field.
Chapter 35A – Price Support of Agricultural Commodities in the Legal Encyclopedia: Price Support of Agricultural Commodities
In this entry about Chapter 35A – Price Support of Agricultural Commodities, find legal reference material, bibliographies and premiere content related to price support of agricultural commodities in the American Encyclopedia of Law, presenting a comprehensive view of the United States price support of agricultural commodities-specific issues, written by authorities in the field.
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