Title I: Cotton - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 crops of upland cotton. Establishes the target price at $.729 per pound, with adjustment authority based on production cost increases. Provides for ten-month market-based loans, with an eight-month extension if average prices do not exceed specified levels.
Provides for: (1) a marketing loan program based on adjusted world market prices, including a market certificate program; and (2) the imposition of a special limited global import quota when the U.S. upland cotton price exceeds the "Northern Europe" price.
Provides for deficiency payments calculated on a calendar year basis.
Provides for an acreage limitation program that will provide for specified carryover cotton stocks. Authorizes a uniform acreage reduction of up to 25 percent. Sets forth conservation use provisions.
Authorizes disaster payments and reduced yield disaster payments under specified conditions.
Provides for a paid land diversion program if projected carryovers exceed specified limits.
States that cross-compliance shall not apply to such crops.
Extends specified provisions of the extra long staple cotton program.
Title II: Rice - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 rice crops. Establishes the target price at $10.71 per hundredweight, with adjustment authority based on production cost increases. Provides for nine-month market-based loans.
Provides for a marketing loan program based on adjusted world market prices, including a market certificate program.
Authorizes disaster payments and reduced yield disaster payments under specified conditions.
Provides for an acreage limitation program that will provide for specified carryover rice stocks. Authorizes a uniform acreage reduction of up to 35 percent. Sets forth conservation use provisions.
States that cross-compliance shall not apply to such crops.
Title III: Sugar - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 sugar crops. Establishes loan rates at $.18 per pound for sugarcane. Bases sugar beet prices on sugarcane levels. Authorizes price support increases based upon production cost increases and other circumstances that may adversely affect domestic sugar production.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on Cotton, Rice, and Sugar.
Subcommittee Consideration and Mark-up Session Held.
Executive Comment Requested from USDA.
See H.R.3950.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
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