Target Price Adjustment Act of 1990

Target Price Adjustment Act of 1990 - Provides for 1991 through 1995 target price adjustments for crops of wheat, feed grains, and all other program crops to reflect farm production costs.

 
HR 3989 IH
101st CONGRESS
2d Session
 H. R. 3989
To provide for target price adjustments for the 1991 through 1995 program
crops based upon an index of production costs of farmers.
IN THE HOUSE OF REPRESENTATIVES
February 7, 1990
Mr. JONTZ (for himself, Mr. DORGAN of North Dakota, Mr. EVANS, Mr. JOHNSON
of South Dakota, Mr. NAGLE, and Mr. STALLINGS) introduced the following bill;
which was referred to the Committee on Agriculture
A BILL
To provide for target price adjustments for the 1991 through 1995 program
crops based upon an index of production costs of farmers.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. SHORT TITLE.
  This Act may be cited as the `Target Price Adjustment Act of 1990'.
SEC. 2. TARGET PRICE FOR WHEAT, FEED GRAINS, AND ALL OTHER PROGRAM CROPS
FOR CROP YEARS 1991 THROUGH 1995 TO REFLECT CHANGING COSTS OF PRODUCTION.
  Pursuant to whatever provisions of the Agricultural Act of 1949 may be in
  effect for crop years 1991, 1992, 1993, 1994, and 1995 for crops of wheat,
  feed grains, and all other program crops, the Secretary of Agriculture shall
  provide for annual adjustments in the established prices for such program
  crops to reflect any change during the last calendar year ending before
  the beginning of each such crop year in the index of prices paid by farmers
  for production items, interest, taxes, and wage rates in such calendar year.