Flexible Parity Act

Summary

Flexible Parity Act - Title I: Wheat - Amends the Agricultural Act of 1949 to provide for the 1978 crop of wheat a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging from $3.00 per bushel for a 20 percent set-aside up to $5.04 per bushel for a 50 percent set-aside. Title II: Feed Grains - Amends the Agricultural Act of 1949 to provide for the 1978 crop of feed grains a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging from $2.10 for a ten percent set-aside up to $3.45 for a 50 percent set-aside. Title III: Upland Cotton - Amends the Agricultural Act of 1949 to provide for the 1978 crop of upland cotton a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging from 54 cents per pound for a 20 percent set-aside up to 84 cents per pound for a 50 percent set-aside. Title IV: Soybeans - Amends the Agricultural Act of 1949 to provide for the 1978 crop of soybeans a sliding-scale of established prices, keyed to five percent increments above the required acreage set-aside level, ranging from $4.95 per bushel for a 20 percent set-aside up to $8.26 per bushel for a 50 percent set-aside. Title V: Grain Release Prices - Amends the Agricultural Act of 1949: (1) to prohibit the Secretary of Agriculture from providing for the redemption of stored wheat and feed grains loans unless the market price for such commodities is not less than parity; (2) to prohibit the Secretary from calling such loans until the market price for wheat and feed grains is at least 105 percent of parity; and (3) to prohibit the Commodity Credit Corporation from selling its stocks of wheat and feed grains for less than the parity price of such commodities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 March 1978

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 14 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 14 March 1978

  Open at official source

Sponsors

• Rep. Sebelius, Keith G. [R-KS-1] · R · Sponsor
• Rep. Jenrette, John W., Jr. [D-SC-6] · D · Cosponsor
• Rep. Spence, Floyd [R-SC-2] · R · Cosponsor
• Rep. Holland, Kenneth L. [D-SC-5] · D · Cosponsor
• Rep. Davis, Mendel J. [D-SC-1] · D · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Rep. Marlenee, Ron [R-MT-2] · R · Cosponsor
• Rep. Johnson, Harold T. [D-CA-1] · D · Cosponsor
• · hsag00 · Standing

Related records

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