Page:United States Statutes at Large Volume 63 Part 1.djvu/1091

 63 STAT.] 81ST CONG. , IST SESS.-CH. 792-OCT. 31, 1949 an annual production of approximately three hundred sixty million pounds of shorn wool; (b) The price of tung nuts, honey, and early, intermediate, and late Irish potatoes, respectively, shall be supported through loans, pur- chases, or other operations at a level not in excess of 90 per centum nor less than 60 per centum of the parity price therefor; (c) The price of whole milk, butterfat, and the products of such commodities, respectively, shall be supported at such level not in excess of 90 per centum nor less than 75 per centum of the parity price therefor as the Secretary determines necessary in order to assure an adequate supply. Such price support shall be provided through loans on, or purchases of, the products of milk and butterfat. TITLE III-OTHER NONBASIC AGRICULTURAL COMMODITIES SEC. 301. The Secretary is authorized to make available through loans, purchases, or other operations price support to producers for any nonbasic agricultural commodity not designated in title II at a level not in excess of 90 per centum of the parity price for the commodity. SEC. 302. Without restricting price support to those commodities for which a marketing quota or marketing agreement or order program is in effect, price support shall, insofar as feasible, be made available to producers of any storable nonbasic agricultural commodity for which such a program is in effect and who are complying with such program. The level of such support shall not be in excess of 90 per centum of the parity price of such commodity nor less than the level provided in the following table: The level of support If the supply per- shall be not less centage as of the than the follow- beginning of the ing percentage of marketing year is: the parity price: Not more than 102--- --- -- -- 90 More than 102 but not more than 104 89 More than 104 but not more than 106- 88 More than 106 but not more than 108- 87 More than 108 but not more than 110---.-- --- 86 More than 110 but not more than 112--- 85 More than 112 but not more than 114- 84 More than 114 but not more than 116- - 83 More than 116 but not more than 118 -- -82 More than 118 but not more than 120 - 81 More than 120 but not more than 122 80 More than 122 but not more than 124 - 79 More than 124 but not more than 126- 78 More than 126 but not more than 128- 77 More than 128 but not more than 130 76 More than 130--- 75 Provided, That the level of price support may be less than the mini- mum level provided in the foregoing table if the Secretary, after examination of the availability of funds for mandatory price support programs and consideration of the other factors specified in section 401 (b), determines that such lower level is desirable and proper. SEC. 303. In determining the level of price support for any nonbasic agricultural commodity under this title, particular consideration shall be given to the levels at which the prices of competing agricultural commodities are being supported. 1053 Tung nuts, honey, and Irish potatoes. Whole milk, butter- fat, etc. Ante, p. 1052. Price support levels. Less than minimum level. Post, p. 1054. Determination of level.

�