Page:United States Statutes at Large Volume 100 Part 1.djvu/121

 PUBLIC LAW 99-272—APR. 7, 1986

100 STAT. 85

total, as determined by the Secretary after taking into consideration the supply of the kind of tobacco involved in relation to demand, of— "(i) 66.7 percent of the amount by which— "(I) the average price received by producers for Fluecured and Burley tobacco, respectively, on the United States auction markets, as determined by the Secretary, during the 5 marketing years immediately preceding the marketing year for which the determination is being made, excluding the year in which the average price was the highest and the year in which the average price was the lowest in such period, is greater or less than "(II) the average price received by producers for Fluecured and Burley tobacco, respectively, on the United States auction markets, as determined by the Secretary, during the 5 marketing years immediately preceding the marketing year prior to the marketing year for which the determination is being made, excluding the year in which the average price was the highest and the year in which the average price was the lowest in such period; and "(ii) 33.3 percent of the change, expressed as a cost per pound of tobacco, in the index of prices paid by tobacco producers from January 1 to December 31 of the calendar year immediately preceding the year in which the determination is made. "(B) For purposes of subparagraph (A)— "(i) the average market price for Burley tobacco for the 1985 marketing year shall be reduced by $0,039 per pound; "(ii) the average market price for Burley tobacco for the 1984 and each prior applicable marketing year shall be reduced by $0.30 per pound; "(iii) the average market price for Flue-cured tobacco for the 1985 marketing year shall be reduced by $0.25 per pound; "(iv) the average market price for Flue-cured tobacco for the 1984 and each prior applicable marketing year shall be reduced by $0.30 per pound; and "(v) the index of prices paid by tobacco producers shall include items representing general, variable costs of producing tobacco, as determined by the Secretary, but shall not include the cost of land, risk, overhead, management, purchase or leasing of quotas, marketing contributions or assessments, and other costs not directly related to the production of tobacco.". (b) CERTAIN GRADES OF FLUE-CURED TOBACCO.—Effective for

the

1986 and subsequent crops of tobacco, section 106 of the Agricultural Act of 1949 (7 U.S.C. 1445) is further amended by striking out subsection (g). SEC. 1103. DETERMINATION OF MARKETING QUOTAS FOR FLUE-CURED AND BURLEY TOBACCO.

(a) DEFINITIONS.—Section 3010?) of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1301(b)) is amended— (1) by adding at the end of paragraph (14) the following new subparagraphs:

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