ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

7 U.S.C. § 1745 — Computation of carryover

submitted 72 years ago by ch. 1041 to r/title-7-AGRICULTURE · 203 words · no verdicts yet

in plain englishAI-generated · not legal advice

For price-support calculations, set-aside commodities are left out of “carryover” but counted in total supplies. A temporary rule applies to the 1955 crop before the set-aside is complete.

The quantity of a commodity in the commodity set-aside, or transferred from it to the National Defense Stockpile, is excluded from “carryover” when setting that commodity’s price-support level under the Agricultural Act of 1949 and related laws. The quantity is included in total supplies when setting acreage allotments and marketing quotas under the Agricultural Adjustment Act of 1938 and related laws. Until the set-aside is complete, the Secretary chooses a quantity between the maximum and minimum in section 1741; that quantity is excluded from carryover and included in total supplies for the commodity’s 1955 crop, even if the Corporation has not acquired it or put it in the set-aside.

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

The quantity of any commodity in the commodity set-aside or transferred from the set-aside to the National Defense Stockpile established by the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98 et seq.) shall be excluded from the computation of “carryover” for the purpose of determining the price support level for such commodity under the Agricultural Act of 1949, as amended [7 U.S.C. 1421 et seq.], and related legislation, but shall be included in the computation of total supplies for purposes of acreage allotments and marketing quotas under the Agricultural Adjustment Act of 1938, as amended [7 U.S.C. 1281 et seq.], and related legislation. Until such time as the commodity set-aside has been completed, such quantity of the commodity as the Secretary shall determine between the maximum and minimum quantities specified in section 1741 of this title shall be excluded from the computations of “carryover” for the purpose of determining the price support level, but shall be included in the computation of total supplies for purposes of acreage allotments and marketing quotas, for the 1955 crop of the commodity, notwithstanding that the quantity so excluded may not have been acquired by the Corporation and included in the commodity set-aside.

Source credit: (Aug. 28, 1954, ch. 1041, title I, § 105, 68 Stat. 898; Pub. L. 96–41, § 3(a)(2), July 30, 1979, 93 Stat. 324.)

history & why it existsrecord from the source credit
  • 1954Enacted · Act of Aug. 28, 1954, ch. 1041 · 68 Stat. 898
  • 1979Amended · Pub. L. 96-41 · 93 Stat. 324

A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1954-08-28.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case