Authorizes the Secretary of Agriculture to set 1984 and 1985 target prices for wheat, corn, upland cotton, and rice, but at not less than 1983 levels.
Amends the Agricultural Act of 1949 to require that 1984 and 1985 wheat deficiency payments be made only with respect to domestic-intended production.
Requires the Secretary to carry out a 1984 and 1985 wheat export incentive program through the Commodity Credit Corporation. Sets forth program provisions.
Limits 1984 wheat acreage reductions to a maximum of 25 percent. Provides for in-kind land diversion payments at a rate of 85 percent of a farm's program payment yield.
States that registration for the 1984 wheat program shall be until April 1, 1984.
Provides for 1984 wheat advance deficiency payments and loans.
Determines 1984 and 1985 wheat acreage based on the five preceding crop years, respectively.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Executive Comment Requested from USDA.
Referred to Subcommittee on Wheat, Soybeans, and Feed Grains.
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