Page:United States Statutes at Large Volume 68 Part 1.djvu/934

 902 52 Stat. 31. 7 USC 1281.

62 Stat. 1250. Transitional parity price.

63 Stat. 1057.

54 Stat. 727. Normal yield.

7 USC prec.l321.

PUBLIC LAW 690-AUG. 28, 1954

[68

STAT.

TITLE III—AMENDMENTS TO AGRICULTURAL ADJUSTMENT ACT O F 1938, A N D R E L A T E D LEGISLATION SEC. 301. Section 301(a)(1)(E) of the Agricultural Adjustment Act of 1938, as amended (U.S.C. 1952 edition, title 7, sec. 1301 (a) (1)(E)), is amended as follows: "SEC. 301 (a)(1)(E). Notwithstanding the provisions of subparagraph (A), the transitional parity price for any agricultural commodity, computed as provided in this subparagraph, shall be used as the parity price for such commodity until such date after January 1, 1950, as such transitional parity price may be lower than the parity price, computed as provided in subparagraph (A), for such commodity. The transitional parity price for any agricultural commodity as of any date shall be— " (i) its parity price determined in the manner used prior to the effective date of the Agricultural Act of 1948, less "(ii) 5 per centum of the parity price so determined multiplied by the number of full calendar years which, as of such date, have elapsed after January 1, 1949, in the case of nonbasic agricultural commodities, and after January 1, 1955, in the case of the basic agricultural commodities." SEC. 302. Section 301(b) of the Agricultural Adjustment Act of 1938, as amended (7 U.S.C. 1301 (b)), is amended: (a) By striking out in paragraph 10 (A) the language "10 per centum in the case of corn" and "15 per centum in the case of wheat" and inserting in lieu thereof "15 per centum in the case of corn" and "20 per centum in the case of wheat", respectively; ^b) By amending paragraph (13)(A) to read as follows: (A) 'Normal yield' for any county, in the case of corn or wheat, shall be the average yield per acre of corn or wheat for the county during the ten calendar years in the case of wheat, or the five calendar years in the case of corn, immediately preceding the year in which such normal yield is determined, adjusted for abnormal weather conditions and, in the case of wheat, for trends in yields. Such normal yield per acre for any county need be redetermined only when the actual average yield for the ten calendar years in the case of wheat, or the five calendar years in the case of corn, immediately preceding the calendar year in which such yield is being reconsidered differs by at least 5 per centum from the actual average yield for the ten years in the case of wheat, or the 5 years in the case of corn, upon which the existing normal yield per acre for the county was based."; and (c) By amending the first sentence of paragraph (13)(E) to read as follows: " 'Normal yield' for any farm, in the case of corn, wheat, cotton, or peanuts, shall be the average yield per acre of corn, wheat, cotton, or peanuts, as the case may be, for the farm, adjusted for abnormal weather conditions and, in the case of wheat, but not in the case of corn, cotton, or peanuts, for trends in yields, during the ten calendar years in the case of wheat, and five calendar years in the case of corn, cotton, or peanuts, immediately preceding the year in which such normal yield is determined." SEC. 303. Part II of subtitle B of title III of the Agricultural Adjustment Act of 1938, as amended (7 U.S.C. ch. 35, subch. II, subtitle B, pt. II), is amended by striking out the designation "MARKETING QUOTAS—CORN" and inserting in lieu thereof the words "ACREAGE ALLOTMENTS—CORN".

Repeals. 52 Stat. 49-51.

SEC. 304. Sections 322 to 325, inclusive (7 U.S.C. 1322 to 1325), and section 326 (7 U.S.C. 1326), insofar as it is applicable to com, of the Agricultural Adjustment Act of 1938, as amended, are hereby repealed, and section 327 thereof (7 U.S.C. 1327), is hereby amended to read as follows:

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