To establish price support programs for the 1991 through 1995 crops of cotton, rice, and sugar.

Summary

Title I: Cotton - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 crops of upland cotton. Establishes the target price at $.729 per pound, with adjustment authority based on production cost increases. Provides for ten-month market-based loans, with an eight-month extension if average prices do not exceed specified levels. Provides for: (1) a marketing loan program based on adjusted world market prices, including a market certificate program; and (2) the imposition of a special limited global import quota when the U.S. upland cotton price exceeds the "Northern Europe" price. Provides for deficiency payments calculated on a calendar year basis. Provides for an acreage limitation program that will provide for specified carryover cotton stocks. Authorizes a uniform acreage reduction of up to 25 percent. Sets forth conservation use provisions. Authorizes disaster payments and reduced yield disaster payments under specified conditions. Provides for a paid land diversion program if projected carryovers exceed specified limits. States that cross-compliance shall not apply to such crops. Extends specified provisions of the extra long staple cotton program. Title II: Rice - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 rice crops. Establishes the target price at $10.71 per hundredweight, with adjustment authority based on production cost increases. Provides for nine-month market-based loans. Provides for a marketing loan program based on adjusted world market prices, including a market certificate program. Authorizes disaster payments and reduced yield disaster payments under specified conditions. Provides for an acreage limitation program that will provide for specified carryover rice stocks. Authorizes a uniform acreage reduction of up to 35 percent. Sets forth conservation use provisions. States that cross-compliance shall not apply to such crops. Title III: Sugar - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 sugar crops. Establishes loan rates at $.18 per pound for sugarcane. Bases sugar beet prices on sugarcane levels. Authorizes price support increases based upon production cost increases and other circumstances that may adversely affect domestic sugar production.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 27 March 1990

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