Page:United States Statutes at Large Volume 104 Part 5.djvu/155

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3477 shall be first reduced to the extent of any loss by the Commodity Credit Corporation on quota peanuts placed under loan. " (2) QUOTA LOAN POOLS.— "(A) TRANSFERS FROM ADDITIONAL LOAN POOLS.— The proceeds due any producer from any pool shall be reduced by the amount of any loss that is incurred with respect to peanuts transferred from an additional loan pool to a quota loan pool by such producer under section 358-10t)X8) of the Agricultural Adjustment Act of 1938. "(B) OTHER LOSSES. —Losses in area quota pools, other than losses incurred as a result of transfers from additional loan pools to quota loan pools under section 358-lG)X8) of the Agricultural Adjustment Act of 1938, shall be offset by any gains or profits from pools in other production areas (other than separate type pools established under subsection (c)(2)(A) for Valencia peanuts produced in New Mexico) in such manner as the Secretary shall by regulation prescribe. "(e) DISAPPROVAL OF QUOTAS.—Notwithstanding any other provision of law, no price support may be made available by the Secretary for any crop of peanuts with respect to which poundsige quotas have been disapproved by producers, as provided for in section 358-l(d) of the Agricultural Adjustment Act of 1938. "(f) QuAUTY IMPROVEMENT. — "(1) PRICE SUPPORT PEANUTS.— With respect to peanuts under price support loan, the Secretary shall— "(A) promote the crushing of peanuts at a greater risk of deterioration before peanuts of a lesser risk of deterioration; "(B) ensure that edl (Dommodity Credit Corporation loan stocks of peanuts sold for domestic edible use must be shown to have been officially inspected by licensed Department of Agriculture inspectors both as farmer stock and shelled or cleaned in-shell peanuts; "(C) continue to endeavor to operate the peanut price support program so as to improve the quality of domestic peanuts and ensure the coordination of activities under the Peanut Administrative Committee established under Marketing Agreement No. 146, regulating the quality of domestically produced peanuts (under the Agricultural Marketing Agreement Act of 1937 (7 U.S.C. 601 et seq.)); and "(D) ensure that any changes made in the price support program as a result of this subsection requiring additional production or handling at the farm level shall be reflected as an upward adjustment in the Department of Agriculture loan schedule. "(2) EXPORTS AND OTHER PEANUTS.—The Secretary shall require that all peanuts in the domestic market fully comply with all quality standards under Marketing Agreement No. 146. The Secretary shall ensure that peanuts produced for the export market meet quality standards established for the domestic market under Marketing Agreement No. 146. "(g) CROPS.—Notwithstanding any other provision of law, this section shall be effective only for the 1991 through 1995 crops of peanuts.".

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