Page:United States Statutes at Large Volume 63 Part 1.djvu/1094

 1056 PUBLIC LAWS-CH. 792-OCT. 31,1949 [63 STAT. "Baoim agricultural (C) g ricultural gricultural commodity" shall mean corn, cotton, peanuts, rice, tobacco, and wheat, respectively. "onbrasio agriul- (d) A "nonbasic agricultural commodity" shall mean any agricul- tural commodity other than a basic agricultural commodity. " Supply percent- (e) The "supply percentage" as to any commodity shall be the per- centage which the estimated total supply is of the normal supply as determined by the Secretary from the latest available statistics of the Department of Agriculture as of the beginning of the marketing year for the commodity. "Toal supply." (f) "Total supply" of any nonbasic agricultural commodity for any marketing year shall be the carry-over at the beginning of such mar- keting year, plus the estimated production of the commodity in the United States during the calendar year in which such marketing year begins and the estimated imports of the commodity into the United States during such marketing year. "Carry-over." (g) "Carry-over" of any nonbasic agricultural commodity for any marketing year shall be the quantity of the commodity on hand in the United States at the beginning of such marketing year, not including any part of the crop or production of such commodity which was pro- duced in the United States during the calendar year then current. The carry-over of any such commodity may also include the quantity of such commodity in processed form on hand in the United States at the beginning of such marketing year, if the Secretary determines that the inclusion of such processed quantity of the commodity is necessary to effectuate the purposes of this Act. "Normalsupply." (h) "Normal supply" of any nonbasic agricultural commodity for any marketing year shall be (1) the estimated domestic consumption of the commodity for the marketing year for which such normal supply is being determined, plus (2) the estimated exports of the commodity for such marketing year, plus (3) an allowance for carry-over. The allowance for carry-over shall be the average carry-over of the com- modity for the five marketing years immediately preceding the mar- keting year in which such normal supply is determined, adjusted for surpluses or deficiencies caused by abnormal conditions, changes in marketing conditions, or the operation of any agricultural program. In determining normal supply, the Secretary shall make such adjust- ments for current trends in consumption and for unusual conditions as he may deem necessary. " Marketing year. " (i) "Marketing year' for any nonbasic agricultural commodity means any period determined by the Secretary during which substan- tially all of a crop or production of such commodity is normally marketed by the producers thereof. 7U.". §.1281 r (j) Any term defined in the Agricultural Adjustment Act of 1938, seq.; Supp. II, § 1282 shall have the same meaning when used in this Act. Ae, p. 670; po, SE. 409. (a) Section 301 (a) (1) (B) of the Agricultural Adjust- . 10tat. 10 2 59 0. ment Act of 1938, as amended by the Agricultural Act of 1948 (defin- 7..C.,SuppII,ig "adjusted base price"), is amended by adding at the end thereof 1301 (a) (1) (B). e rices." the following: "As used in this subparagraph, the term 'prices' shall include wartime subsidy payments made to producers under programs designed to maintain maximum prices established under the Emer- 50SU. . C app. gency Price Control Act of 1942." 901 etseq.; upp. I, (b) Section 301 (a) (1) (C) of such Act, as so amended (defining tt. 1. parity index"), is amended (1) by inserting after the word "buy" a 7 U. S. C., Supp. II 1301 (a) (i) comma and the following: "wages paid hired farm labor", and (2) by inserting after "such prices" a comma and the word "wages". 62sta 8 . S11. (c) Section 301 (a) (1) of such Act, as so amended, is amended by, §1301 (a) (1). adding at the end thereof the following new subparagraph: Mprimum parity "(G) Notwithstanding the foregoing provisions of this section, the parity price for any basic agricultural commodity, as of any date dur-

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