Food and Fiber Production Incentive Act

Food and Fiber Production Incentive Act - Increases, under the Agriculture and Consumer Protection Act, established prices for 1974 crops to $2.49 per bushel for wheat, $1.67 per bushel for corn, and 47 cents per pound for cotton. Provides a cost-of-production adjustment for the price for the 1975 crop year.

Gives the Secretary of Agriculture authority to set an established price which may be higher than the minimum provided in the Act.

Requires that the national acreage allotment for feed grain, established annually by the Secretary, be not less than 100 million acres.