A bill to establish certain price support loan levels and an agricultural export credit sales program 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 establish a short-term agricultural export credit program for a commodity (within five days) after any such suspension.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 9 April 1981

  Open at official source

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