Amends the Agricultural Adjustment Act of 1938 to alter the formula (consisting of the amount of the domestic consumption of a commodity for the immediately preceding year, plus estimated exports for the year in question, plus an allowance for carry-over) for the determination of the "normal supply" of an agricultural commodity for any marketing year, on which acreage allotments are based. Increases the allowance for carry-over: (1) from 15 to 25 percent of the sum of domestic consumption and exports in the case of corn; (2) from 20 to 25 percent in the case of wheat; and (3) from 30 to 50 percent in the case of cotton.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
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