7-U.S.C.-1448
§1448 – Price Support Levels For Storable Nonbasic Agricultural Commodities
Pathway
Title 7 > Chapter 35A > Subchapter III > Section 1448
Details
- Reference: Section 1448
- Legend: §1448 – Price Support Levels For Storable Nonbasic Agricultural Commodities
- USCode Year: 2013
Provision Content
Without restricting price support to those commodities for which a marketing quota or marketing agreement or order program is in effect, price support shall, insofar as feasible, be made available to producers of any storable nonbasic agricultural commodity for which such a program is in effect and who are complying with such program. The level of such support shall not be in excess of 90 per centum of the parity price of such commodity nor less than the level provided in the following table:
| 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 102 | 90 |
| More than 102 but not more than 104 | 89 |
| More than 104 but not more than 106 | 88 |
| More than 106 but not more than 108 | 87 |
| More than 108 but not more than 110 | 86 |
| More than 110 but not more than 112 | 85 |
| More than 112 but not more than 114 | 84 |
| More than 114 but not more than 116 | 83 |
| More than 116 but not more than 118 | 82 |
| More than 118 but not more than 120 | 81 |
| More than 120 but not more than 122 | 80 |
| More than 122 but not more than 124 | 79 |
| More than 124 but not more than 126 | 78 |
| More than 126 but not more than 128 | 77 |
| More than 128 but not more than 130 | 76 |
| More than 130 | 75 |
Provided, That the level of price support may be less than the minimum level provided in the foregoing table if the Secretary, after examination of the availability of funds for mandatory price support programs and consideration of the other factors specified in section 1421(b) of this title, determines that such lower level is desirable and proper.
(Oct. 31, 1949, ch. 792, title III, §302, 63 Stat. 1053.)
Inapplicability of Section
Section inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning May 13, 2002, through Dec. 31, 2007, see section 7992(b)(9) of this title.
Section inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning Apr. 4, 1996, and ending Dec. 31, 2002, see section 7301(b)(1)(I) of this title.
U.S. Encyclopedia of Law Coverage
7-U.S.C.-1445K in the Legal Encyclopedia: Agriculture
In this entry about 7-U.S.C.-1445K, 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.
Subchapter III – Nonbasic Agricultural Commodities in the Legal Encyclopedia: Price Support of Agricultural Commodities
In this entry about Subchapter III – Nonbasic 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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