A bill to revise and extend programs to provide price support and production stabilization for peanuts, soybeans and upland cotton, and for other purposes.
Southern Agricultural Act of 1990 - Title I: Peanuts - Peanut Stabilization Act of 1990 - Amends the Agricultural Adjustment Act of 1938 to establish national and farm poundage quotas for each of the 1991 through 1995 peanut crops.
Provides for: (1) sale, lease, or transfer of farm poundage quotas; (2) marketing penalties and the disposition of additional peanuts; and (3) experimental and research programs.
Amends the Agricultural Act of 1949 to set forth the price support program for the 1991 through 1995 peanut crops. Authorizes price increases based on production cost increases.
Title II: Cotton - Amends the Agricultural Act of 1949 to set forth the price support program for the 1991 through 1995 upland cotton crops. Sets minimum loan rates at $.55 per pound, and minimum target prices for upland cotton at $.75 per pound. Authorizes loan extensions if prices do not exceed specified levels. Bases loan rates on the adjusted world price with negotiable marketing certificates to be issued to U.S. producers if such price is below the loan repayment rate.
Requires the imposition of a special limited global import quota when specified U.S. cotton prices exceed European prices.
Provides for: (1) disaster and prevented planting disaster payments; (2) acreage limitations and related conservation use plantings; and (3) diversion payments.
States that there shall be no cross compliance requirements for the 1991 through 1995 cotton crops.
Sets forth acreage base and program yield provisions for the 1991 through 1995 crops of upland cotton and rice.
Title III: Oilseeds - Amends the Agricultural Act of 1949 to set soybean price support levels for the 1991 through 1995 crops at $6.25 per bushel.
Establishes price supports for the 1991 through 1995 crops of oilseeds (based upon soybean levels).
Title IV: Miscellaneous Commodity Provisions - Amends the Agricultural Act of 1949 to extend advance program announcement provisions.
Amends the Agriculture and Food Act of 1981 to extend the National Agricultural Cost of Production Standards Review Board through 1995.
Amends the Agricultural Act of 1949 to make certain conservation use acreage requirements inapplicable for the 1991 through 1995 crop years to producers who double crop a non-program crop after harvesting a program crop.
Title V: Agricultural Research - Subtitle A: Establishment of Southern Institute for Agricultural Resource Policy - Directs the Secretary to establish a Southern Institute for Agricultural and Resource Policy. Authorizes appropriations.
Subtitle B: Plant Science Research - Amends the National Agricultural Research, Extension, and Teaching Policy Act of 1977 to direct the Secretary to establish a plant science research program. Authorizes appropriations.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
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