A bill relating to payments to producers for participation in the 1973 feed grain program.

Summary

States that notwithstanding any other provision of law, the payment rate for corn to producers participating in the 1973 feed grain program under the so-called option B part of the program under the Agricultural Act of 1970 (for partial compliance) shall be increased to such rate as, together with the national average market price received by farmers for corn during the first five months of the marketing year for the crop, the Secretary determines will be equal to: (A) $1.35 per bushel, or (B) 70 percent of the parity price of corn as of the beginning of the marketing year, whichever is the greater. Provides that the payment rates for grain sorghums and barley shall be such rates, respectively, as the Secretary determines fair and reasonable in relation to the rate at which payments are made available for corn. availabe for corn. Provides that such payments shall be made available on 50 percent of the feed grain base for the farm as provided in the Agricultural Act. (Amends 7 U.S.C. 1441nt).

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1 official file

• Introduced in Senate

  summary · EN · 17 April 1973

  Open at official source

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