Page:United States Statutes at Large Volume 104 Part 5.djvu/135

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3457 not be required as a condition of eligibility for loans, purchases, or pa3mients under this section. "(2) COMPLIANCE ON OTHER FARMS.—The Secretary may not require producers on a farm, as a condition of eligibility for loans, purchases, or payments under this section for the farm, to comply with the terms and conditions of the rice program with respect to any other farm operated by the producers. "(n) CROPS.— Notwithstanding any other provision of law, this section shall be effective only for the 1991 through 1995 crops of rice.". TITLE VII—OILSEEDS SEC. 701. LOANS AND PAYMENTS FOR OILSEEDS FOR 1991 THROUGH 1995 MARKETING YEARS. Title II of the Agricultural Act of 1949 (7 U.S.C. 1446 et seq.) is amended— (1) in the matter preceding subsection (a) of section 201 (7 U.S.C. 1446), by striking "tung nuts," and inserting the following: "oilseeds (including soybeans, sunflower seed, canola, rapeseed, safflower, flaxseed, mustard seed, and such other oilseeds as the Secretary may determine),"; and (2) by adding at the end the following new section: "SEC. 205. LOANS AND PAYMENTS FOR OILSEEDS FOR 1991 THROUGH 1995 7 USC 1446f. MARKETING YEARS. "(a) DEFINITION OF OILSEEDS.— As used in this section, the term 'oilseeds' means soybeans, sunflower seed, canola, rapeseed, saf- flower, flaxseed, mustard seed, and such other oilseeds as the Secretary may determine. "(b) IN GENERAL.— The Secretary shall support the price of oiP seeds through nonrecourse loans to producers on a farm for oilseeds produced on the farm in each of the 1991 through 1995 marketing years as provided in this section. "(c) LOAN LEVEL. — The loan level for each of the 1991 through 1995 crops of— "(1) soybeans shall not be less than $5.02 per bushel; "(2) sunflower seed, canola, rapeseed, safflower, mustard seed, and flaxseed shall not be less than $0,089 per pound; and "(3) other oilseeds shall be established at such level as the Secretary determines is fair and reasonable in relation to the loan level available for soybeans, except that, in the case of cottonseed, in no event less thaii the level established for soy- beans on a per-pound basis for the same crop year. "(d) MARKETING LOAN PROVISIONS. — "(1) IN GENERAL.—The Secretary shall permit a producer to repay a loan made under this section for a crop— "(A) at a level that is the lesser of— "(i) the loan level determined for the crop; or "(ii) the prevailing world market price for the applicable oilseed (adjusted to United States quality and location), as determined by the Secretary; or "(B) such other level (not in excess of the loan level determined for the crop) that the Secretary determines will— "(i) minimize potential loan forfeitures;

�