7 U.S.C. § 1444e–1 — Loans and purchases for 1986 through 1996 crops of corn

submitted 41 years ago by Pub. L. 99-198 to r/title-7-AGRICULTURE · 196 words · no verdicts yet

in plain englishAI-generated · not legal advice

Only for the 1986–1996 feed-grain crops, the Secretary of Agriculture may offer loans and purchases to farm producers who participate in the Secretary’s corn acreage-limitation or set-aside program and who either cut for silage corn, including mutilated corn, they produced that crop year, or buy or exchange same-year corn, including mutilated corn, produced by another producer, even one not in that program. The loans and purchases may cover other corn of the same crop, not the silage corn, up to the amount found by multiplying the acres of corn used for silage by the lower of the farm-program payment yield or the actual yield on a similar field, as the Secretary determines.

(a) Only for the 1986–1996 feed-grain crops, the Secretary of Agriculture may offer loans and purchases to farm producers who participate in the Secretary’s corn acreage-limitation or set-aside program and who either (1)(A) cut for silage corn, including mutilated corn, they produced that crop year, or (B) buy or exchange same-year corn, including mutilated corn, produced by another producer, even one not in that program. (b) The loans and purchases may cover other corn of the same crop, not the silage corn, up to the amount found by multiplying the acres of corn used for silage by the lower of the farm-program payment yield or the actual yield on a similar field, as the Secretary determines.

the actual law source: uscode.house.gov ↗public domain

(a)

Notwithstanding any other provision of law, effective only for each of the 1986 through 1996 crops of feed grains, the Secretary of Agriculture may make available loans and purchases, as provided in this section, to producers on a farm who—

(1)

for silage—

(A)

cut corn (including mutilated corn) that the producers have produced in such crop year; or

(B)

purchase or exchange corn (including mutilated corn) that has been produced in such crop year by another producer (including a producer that is not participating in an acreage limitation or set-aside program for such crop established by the Secretary); and

(2)

participate in an acreage limitation or set-aside program for such crop of corn established by the Secretary.

(b)

Such loans and purchases may be made on a quantity of corn of the same crop, other than the corn obtained for silage, acquired by the producer equivalent to a quantity determined by multiplying—

(1)

the acreage of corn obtained for silage; by

(2)

the lower of the farm program payment yield or the actual yield on a field, as determined by the Secretary, that is similar to the field from which such silage was obtained.

Source credit: (Pub. L. 99–198, title IV, § 403, Dec. 23, 1985, 99 Stat. 1406; Pub. L. 101–624, title IV, § 403, Nov. 28, 1990, 104 Stat. 3419.)

history & why it existsrecord from the source credit

1985Enacted · Pub. L. 99-198 · 99 Stat. 1406
1990Amended · Pub. L. 101-624 · 104 Stat. 3419

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-198 on 1985-12-23.

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