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16 U.S.C. § 590lExpansion of domestic and foreign markets for agricultural commodities; advances for crop insurance; transfer of funds to corporation

submitted 91 years ago by ch. 85 to r/title-16-CONSERVATION · 313 words · no verdicts yet

in plain englishAI-generated · not legal advice

When needed to support farm income or a stable supply, the Secretary must use necessary chapter funds to expand markets or handle surpluses. The Secretary may also advance crop-insurance premiums for participating producers under stated conditions.

(a) Market expansion and surplus disposition. If the Secretary finds that using the powers in this section will help restore the income relationship described in section 590g(a)(5), or will provide and maintain a continuous, stable supply of farm commodities sufficient to meet consumer demand at fair prices, or both, the Secretary must use as much of the money appropriated for this chapter as the Secretary considers necessary to expand domestic or foreign markets, find new or additional markets for farm commodities or their products, or remove or dispose of surpluses of those commodities or products. (b) Advances for premiums. The Secretary may advance money to producers to help them insure their crops with the Federal Crop Insurance Corporation. The Secretary must send each advance directly to that Corporation to pay the premium for insurance the producer applied for. An advance may be made only to a producer who is participating in, or agrees to participate in, a program created under section 590h. Unless this subsection says otherwise, the Secretary sets the advance's terms and conditions. Before producers apply for insurance or advances, the Secretary may transfer to the Corporation the money estimated to cover requested premiums. The Corporation must return any transferred money not used for producer advances to the Secretary.
the actual law source: uscode.house.gov ↗public domain
(a) Market expansion and surplus disposition

Whenever the Secretary finds that the exercise of the powers conferred in this section will tend to carry out the purpose specified in clause (5) of section 590g(a) of this title, or will tend to provide for and maintain a continuous and stable supply of agricultural commodities adequate to meet consumer demand at prices fair to both producers and consumers, or both, he shall use such part as he deems necessary of the sums appropriated to carry out this chapter for the expansion of domestic and foreign markets or for seeking new or additional markets for agricultural commodities or the products thereof or for the removal or disposition of surpluses of such commodities or the products thereof.

(b) Advances for premiums

The Secretary is authorized to make advances to producers for the purpose of assisting them to insure their crops with the Federal Crop Insurance Corporation. The Secretary shall remit the amount of any such advances to a producer directly to such Corporation in payment of the premium on the insurance for which the producer has made application. Advances shall only be made to producers who are participating or who agree to participate in a program formulated pursuant to section 590h of this title. Except as otherwise provided in this subsection, the terms and conditions of such advances shall be fixed by the Secretary. In carrying out the provisions of this subsection, the Secretary may transfer to the Federal Crop Insurance Corporation, prior to the execution of applications for insurance or requests for advances by producers, the funds estimated as necessary to cover the advances which will be requested for the payment of premiums under a crop-insurance program, and any portion of such funds not used for advances to producers under such program shall be returned to the Secretary by the Federal Crop Insurance Corporation.

Source credit: (Apr. 27, 1935, ch. 85, § 12, as added Feb. 29, 1936, ch. 104, § 1, 49 Stat. 1151; amended Mar. 25, 1939, ch. 15, 53 Stat. 550; July 2, 1940, ch. 521, § 1, 54 Stat. 727.)

history & why it existsrecord from the source credit
  • 1935Enacted · Act of Apr. 27, 1935, ch. 85 · 49 Stat. 1151
  • 1939Amended · Act of Mar. 25, 1939, ch. 15 · 53 Stat. 550
  • 1940Amended · Act of July 2, 1940, ch. 521 · 54 Stat. 727

A history note hasn’t been published yet. The record shows enactment by ch. 85 on 1935-04-27.

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