Agricultural Recovery Act of 1983

Agricultural Recovery Act of 1983 - Title I: Dairy - Amends the Agricultural Adjustment Act of 1949 to eliminate the 50-cent milk producer assessments.

Reduces milk support levels from $13.10 to $11.32 per hundredweight. Requires annual price adjustments at the beginning of each fiscal year.

Title II: Wheat - Sets 1984 and 1985 wheat support levels at not more than $3.65 per bushel (presently not less than $3.55 per bushel).

Sets 1983 through 1985 target prices at not more than $4.30 per bushel (presently not less than $4.30 for 1983, $4.45 for 1984, and $4.65 for 1985). Directs the Secretary of Agriculture, for either the 1984 or 1985 crop, to: (1) limit wheat acreage; (2) maintain a set-aside program; or (3) maintain a land diversion program if the total supply of wheat on May 31 of the marketing year exceeds five percent of the total projected annual world utilization for that year. Directs the Secretary to announce such programs by August 15.

Provides that the 1984 and 1985 farm acreage bases shall be the same as for 1982, with certain adjustments as necessary.

Title III: Feed Grains - Sets 1984 and 1985 corn support levels at not more than $2.65 per bushel (presently not less than $2.65 per bushel).

Sets 1983 through 1985 target prices at not more than $2.86 per bushel (presently not less than $2.86 for 1983, $3.03 for 1984, and $3.18 for 1985).

Directs the Secretary, for either the 1984 or 1985 feed grain crop, to: (1) limit feed grain acreage; or (2) maintain set-aside or land-diversion programs if the total supply of feed grains on September 30 of the marketing year exceeds five percent of the total projected annual world utilization for that year. Directs the Secretary to announce such programs by November 15.

Provides that the 1984 and 1985 farm acreage bases shall be the same as for 1982, with certain adjustments as necessary.

Title IV: Upland Cotton - Sets 1984 and 1985 upland cotton support levels at not more than $0.76 per pound.

Prohibits producer storage payments and extended storage periods for the 1983 through 1985 crops.

Provides that the 1984 and 1985 farm acreage bases shall be the same as for 1982, with certain adjustments as necessary.

Title V: Rice - Sets 1984 and 1985 rice support levels at not more than $8.14 per hundredweight.

Sets 1983 through 1985 target prices at not more than $11.40 per hundredweight (presently not less than $11.40 for 1983, $11.90 for 1984, and $12.40 for 1985).

Prohibits producer storage payments and extended storage periods for the 1983 thorough 1985 crops.

Provides that 1984 and 1985 farm acreage bases shall be the same as for 1982, with certain adjustments as necessary.

Title VI: Advance Payments - Makes available to a producer at least 50 percent of any land diversion payment as soon as possible.

Title VII: Payment In Kind Programs - Authorizes the Secretary to make land-diversion payments in kind for the adjusted acreage of the 1983 and 1984 crops of wheat, feed grains, cotton, and rice. Directs that such payment in kind program be in conjunction with a voluntary acreage limitation and paid land-diversion program. Authorizes the Secretary to use any farm commodities at his disposal for the purpose of countering unfair trade practices of other countries. States that the provisions of the cargo preference laws shall not apply to the export sales of agricultural commodities.

Title VIII: Farmer-Owned Reserve - Prohibits the Secretary from establishing or recognizing any farmer-owned reserve after the date of enactment of this Act. Allows a producer to withdraw any commodity placed in a reserve at any time that the market price for the commodity is more than 110 percent of its current price support loan rate.

Title IX: Payment Limitations - Repeals provisions of the Agriculture and Food Act of 1981 limiting payments under wheat, feed grain, cotton, and rice programs for the 1982 thorough 1985 crops.

Title X: Sunflowers - Prohibits sunflowers from being considered an eligible commodity for any loan, payment, or reserve program.

Title XI: Agricultural Export Credit Revolving Fund - Amends the Food for Peace Act of 1966 to direct the Secretary to use appropriated funds to make available no less than $1,000,000,000 for each of FY 1983 through 1985 to the Agricultural Export Credit Revolving Fund.