A bill to amend the Agricultural Act of 1949 to provide certain agricultural program adjustments for soybeans, and for other purposes.
Soybean Marketing Act of 1987 - Amends the Agricultural Act of 1949 to extend for the 1987 through 1990 soybean crops: (1) price supports at $5.02 per bushel; (2) marketing loans with a loan repayment rate that is the lesser of (A) the loan level determined or (B) the higher of (i) such loan level multiplied by 50 percent in 1987, 60 percent in 1988, and 70 percent in 1989 and 1990 or (ii) the prevailing world market price; and (3) loan deficiency payments.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Committee on Agriculture requested executive comment from Agriculture Department.
Subcommittee on Domestic and Foreign Marketing. Hearings held.
Subcommittee on Domestic and Foreign Marketing. Hearings held.
Referred to Subcommittee on Agricultural Production.
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