A bill to adjust price support for tobacco under the Agricultural Act of 1949.

Summary

Provides that the level of support for tobacco, if marketing quotas are in effect, shall be 70 percent of the parity price. States that if acreage poundage or poundage marketing quotas are in effect: (1) price support shall not be made available on tobacco marketed in excess of 110 percent of the marketing quota (after adjustments) for the farm on which such tobacco was produced; and (2) for the purpose of price-support eligibility, tobacco carried over from one marketing year to another shall, when marketed, be considered tobacco of the then current crop.

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Documents

1 official file

• Introduced in House

  summary · EN · 23 April 1975

  Open at official source

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