H.R. 1797 — A bill to revise the price support level, and implement a marketing loan program, for the 1988 through 1990 crops of soybeans under the Agriculture Act of 1949.

Summary

Amends the Agricultural Act of 1949 to set 1988 through 1990 soybean support prices at $5.70 per bushel. (Currently such levels are a minimum of $4.50 per bushel for 1988 through 1990.)

Requires (current law authorizes) soybean loan repayment at the lesser of prevailing world prices or the crop loan level.

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Legislative Actions

1987-03-25
Introduced in House
1987-03-25
Introduced in House
1987-03-25
Referred to House Committee on Agriculture.
1987-03-27
Executive Comment Requested from USDA.
1987-03-27
Referred to Subcommittee on Wheat, Soybeans, and Feed Grains.
1987-10-27
Unfavorable Executive Comment Received From USDA.

A bill to revise the price support level, and implement a marketing loan program, for the 1988 through 1990 crops of soybeans under the Agriculture Act of 1949.

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