Emergency Food and Agriculture Act

Emergency Food and Agriculture Act - Title I: Payment Limitation for Wheat, Feed Grains, and Upland Cotton - Increases the total amount of payments a person shall be entitled to receive under specified annual programs of the Agricultural Act of 1970 from $20,000 to $30,000.

Title II: Dairy - Sets the price support of milk, under the Agricultural Act of 1949 at no less than 90 percent of parity as of the date of enactment, adjusted quarterly, commencing with enactment and ending on March 31, 1978.

Title III: Wool Program - Sets the price support for 1977 wool and mohair, under the National Wool Act of 1954, at not less than 90 percent of parity.

Title IV: Wheat Program - Sets the loan level for the 1977 crop of wheat, under the Agricultural Act of 1949, as amended, at not less than 85 percent of the cost of production per bushel. Determines the cost of production per bushel to be $3.55.

Title V: Feed Grain Program - Sets the loan level for the 1977 crop of corn at not less than 85 percent of the cost of production. Determines the cost of production for the 1978 (sic) crop of corn to be $2.52.

Title VI: Upland Cotton Program - Sets the nonrecourse loan level for the 1977 crop of upland cotton, under the Agricultural Act of 1949, as amended, at not less than 85 percent of the cost of production, adjustable to not less than 90 percent of the estimated world price. Determines the cost of production per pound of the 1977 crop of cotton to be 57.95 cents per pound.