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7 U.S.C. § 1441a — Cost of production study and establishment of current national weighted average cost of production

submitted 53 years ago by Pub. L. 91-524 to r/title-7-AGRICULTURE · 76 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary of Agriculture must study production costs for wheat, feed grains, cotton, and dairy commodities and establish a current national weighted average cost. The study must be updated yearly and include typical variable costs, interest, fixed-cost return, and management return.

The Secretary of Agriculture, working with land-grant colleges, commodity and general farm organizations, and individual farmers, must study the costs of producing wheat, feed grains, cotton, and dairy commodities under different production practices and establish a current national weighted average production cost. The study must be updated every year and include all typical variable costs, including interest, a return on fixed costs, and a return for management.
the actual law source: uscode.house.gov ↗public domain

The Secretary of Agriculture, in cooperation with the land grant colleges, commodity organizations, general farm organizations, and individual farmers, shall conduct a cost of production study of the wheat, feed grain, cotton, and dairy commodities under the various production practices and establish a current national weighted average cost of production. This study shall be updated annually and shall include all typical variable costs, including interest costs, a return on fixed costs, and a return for management.

Source credit: (Pub. L. 91–524, title VIII, § 808, as added Pub. L. 93–86, § 1(27)(B), Aug. 10, 1973, 87 Stat. 237; amended Pub. L. 97–98, title XI, § 1117, Dec. 22, 1981, 95 Stat. 1271.)

history & why it existsrecord from the source credit
  • 1973Enacted · Pub. L. 91-524 · 87 Stat. 237
  • 1981Amended · Pub. L. 97-98 · 95 Stat. 1271

A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-524 on 1973-08-10.

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