Page:United States Statutes at Large Volume 101 Part 2.djvu/801

 PUBLIC LAW 100-203—DEC. 22, 1987

101 STAT. 1330-7

(2) in paragraph (2)(F), by striking out clause (iii) and inserting in lieu thereof the following new clause: "(iiiXD in the case of wheat and feed grains, not less than 40 percent, nor more than 50 percent, of the projected payment rate; and "(11) in the case of rice and upland cotton, not less than 30 percent, nor more than 50 percent, of the projected payment rate,". SEC. n i l. ADVANCED EMERGENCY COMPENSATION PAYMENTS FOR WHEAT.

Effective only for the 1987 through 1990 crops of wheat, section 107D(c)(l)(E) of the Agricultural Act of 1949 (7 U.S.C. 1445b3(c)(l)(E)) is amended by adding at the end thereof the following new clauses: "(iii) Notwithstanding any other provision of this Act, in the case of each of the 1987 through 1990 crops of wheat, the Secretary shall— "(I) by December 1 of each of the marketing years for such crops (or, in the case of the 1987 crop, as soon as practicable after the date of enactment of the Agricultural Reconciliation Act of 1987), estimate the national weighted average market price, per bushel of wheat, received by producers during such marketing year; "(II) by Etecember 15 of such marketing year (or, in the case of the 1987 crop, as soon as practicable, but not later than 75 days, after the date of enactment of such Act), use the estimate to make available to producers who have elected the payment option authorized by this clause not less than 75 percent of the increase in established price payments estimated to be payable with respect to such crop under this subparagraph; and "(III) adjust the amount of each final established price payment for wheat to reflect any difference between the amount of any estimated payment made under this clause and the amount of actual payment due under this subparagraph, "(iv) Producers shall elect the payment option authorized by clause (iii)— "(I) in the case of the 1987 crop of wheat, not later than 45 days after the date of the enactment of this clause; and (II) in the case of each of the 1988 through 1990 crops of wheat, at the time of entering into a contract to participate in the progreim established by this section for the crop.".

Contracts.

SEC. 1112. TOBACCO PROVISIONS. (a) TRANSFER AUTHORITY.—Section 316 of the Agricultural Adjust-

ment Act of 1938 (7 U.S.C. 316(h)) is amended by adding at the end thereof the following new subsection: "(h)(1) Notwithstanding any other provision of this section, the Secretary may permit, after June 30 of any crop year, the lease and transfer of flue-cured tobacco quota assigned to a farm if— "(A) the planted acreage of flue-cured tobacco on the farm to which the quota is assigned is determined by the Secretary to be equal to or greater than 90 percent of the farm's acreage allotment, or the planted acreage is determined to be sufflcient to produce the farm marketing quota under average conditions; and

91-194 O - 90 - 26: QL.3 Part 2

7 USC 1314b.

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