Emergency Food and Fiber Supply Stabilization Act of 1979

Summary

Emergency Food and Fiber Supply Stabilization Act of 1979 - Title I: Wheat - Amends the Agricultural Act of 1949 to set the price support for the 1979 through 1981 crops of wheat at not less than $3.25 per bushel. Provides for a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging from 65 percent of parity per bushel for a 20 percent set-aside up to 100 percent of parity for a 50 percent set-aside. Title II: Feed Grains - Amends the Agricultural Act of 1949 to set the price support for the 1979 through 1981 crops of feed grains at not less than $2.25 per bushel. Provides for a sliding-scale of established prices, keyed to voluntary five percent increments above the required set-aside level, ranging from 60 percent of parity per bushel for a 10 percent set-aside up to 100 percent of parity for a 50 percent set-aside. Title III: Upland Cotton - Amends the Agricultural Act of 1949 to set the nonrecourse loan level for the 1979 through 1981 crops of upland cotton at not less than 55 cents per pound for Strict Low Middling one and one-sixteenth-inch upland cotton. Provides for a sliding-scale of established prices, keyed to voluntary five percent increments above the required set-aside level, ranging from 64 percent of parity per pound for a 20 percent set-aside up to 100 percent of parity for a 50 percent set-aside. Title IV: 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.

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1 official file

• Introduced in House

  summary · EN · 15 January 1979

  Open at official source

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