Page:United States Statutes at Large Volume 62 Part 1.djvu/1288

 PUBLIC LAWS-CH. 827-JULY 3,1948 "(1) Through the exercise of the powers conferred upon the Secre- tary of Agriculture under this title, to establish and maintain such orderly marketing conditions for agricultural commodities in inter- state commerce as will establish, as the prices to farmers, parity prices Ante, p. 120. as defined by section 301 (a) (1) of the Agricultural Adjustment Act of 1938." (b) Section 8c (18) of the Agricultural Adjustment Act, as reen- acted and amended by the Agricultural Marketing Agreement Act of 0 Statc.24i7. 8) 1937, is amended to read as follows: Mik. "(18) The Secretary of Agriculture, prior to prescribing any term in any marketing agreement or order, or amendment thereto, relating to milk or its products, if such term is to fix minimum prices to be paid to producers or associations of producers, or prior to modifying the price fixed in any such term, shall ascertain the parity prices of such commodities. The prices which it is declared to be the policy of Con- gress to establish in section 2 of this title shall, for the purposes of such agreement, order, or amendment, be adjusted to reflect the price of feeds, the available supplies of feeds, and other economic conditions which affect market supply and demand for milk or its products in the marketing area to which the contemplated marketing agreement, order, or amendment relates. Whenever the Secretary finds, upon the basis 4 Stat. 751, 753. of the evidence adduced at the hearing required by section 8b or 8c, as 6osc. the case may be, that the parity prices of such commodities are not reasonable in view of the price of feeds, the available supplies of feeds, and other economic conditions which affect market supply and demand for milk and its products in the marketing area to which the contem- plated agreement, order, or amendment relates, he shall fix such prices as he finds will reflect such factors, insure a sufficient quantity of pure Adjustments. and wholesome milk, and be in the public interest. Thereafter, as the Secretary finds necessary on account of changed circumstances, he shall, after due notice and opportunity for hearing, make adjustments in such prices." 49 Stat.761;50 Stat. Section 8c (17) of the Agricultural Adjustment Act, as reen- 7u.s. C .§ 608 (7). acted and amended by the Agricultural Marketing Agreement Act of 1937, is amended by striking out "and section 8e". 49 tat. 762; 50 tat. (d) Section 8e of the Agrlcultural Adjustment Act, as reenacted 7U.8. C. 0e. and amended by the Agricultural Marketing Agreement Act of 1937, is repealed. (e) Section 4 of the Agricultural Marketing Agreement Act of UStt. 2 49 . 1 937, as amended, is amended by inserting after the section designa- tion the subsection designation "(a)" and by adding at the end thereof a new subsection to read as follows: "(b) Any program in effect under the Agricultural Adjustment Act, as reenacted and amended by this Act, on the effective date of section Ant, . 125. 302 of the Agricultural Act of 1948 shall continue in effect without the necessity for any amendatory action relative to such program, but any such program shall be continued in operation by the Secretary of Agriculture only to establish and maintain such orderly marketing conditions as will tend to effectuate the declared purpose set out in Atep. 1257; ra. section 2 or 8c (18) of the Agricultural Adjustment Act, as reenacted and amended by this Act." (f) All references in other laws to- (1) parity, (2) parity prices, 3) prices comparable to parity prices, or (4) prices to be determined in the same manner as provided by the Agricultural Adjustment Act of 1938 prior to its amend- ment by this Act for the determination of parity prices, with respect to prices for agricultural commodities and products 1258 [62 STAT.

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