A bill to establish certain price support loan levels in the event of the suspension of export sales of agricultural commodities.

Summary

Amends the Food and Agriculture Act of 1977 to require the Secretary of Agriculture to set the loan level for a suspended agricultural export at not less than the average market price (for such commodity) for the preceding 15 days when such suspension is national security or foreign policy related (currently 90 percent of parity in situations of short supplies). Directs the Secretary to ascertain that Government purchases of such commodities include acquisition of quantities of like classes of the particular commodities proportionate to the quantities of those classes for which sales were suspended. States that if an export suspension occurs after January 1, 1980, and remains in effect on October 1, 1981, the applicable loan level shall be adjusted as provided in this Act.

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Documents

1 official file

• Introduced in House

  summary · EN · 2 March 1981

  Open at official source

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