Page:United States Statutes at Large Volume 76.djvu/673

 76 STAT. ]

PUBLIC LAW 87-703-SEPT. 27, 1962

(2) By amending paragraph (2) to read as follows: "(2) Whenever farm marketing quotas are in effect with respect to any crop of wheat, the producers on a farm shall be subject to a penalty on the farm marketing excess of wheat at a rate per bushel equal to 65 per centum of the parity price per bushel of wheat as of May 1 of the calendar year in which the crop is harvested. Each producer having an interest in the crop of wheat on any farm for which a farm marketing excess of wheat is determined shall be jointly and severally liable for the entire amount of the penalty on the farm marketing excess." (3) By inserting in paragraph (3) "twice" before "the normal production" in the first and second sentences thereof, and by inserting in the second sen,tence thereof "twice the" between "of" and "normal" in the phralse "upon the basis of normal production", by striking out "corn and" from the first sentence thereof, and by striking out "corn or" from the last sentence thereof. (4) By amending paragraph (4) to read as follows: " (4) Until the producers on any farm store, deliver to the Secretary, or pay the penalty on, the farm marketing excess of any crop of wheat, the entire crop of wheat produced on the farm and any subsequent crop of wheat subject to marketing quotas in which the producer has an interest shall be subject to a lien in favor of the United States for the amount of the penalty." (5^ By striking out "corn or" from paragraph (5). (6) By striking out "corn or" from paragraph (6). (7) By repealing paragraph (7), and by renumbering paragraphs (8) through (11) as (7) through (10), respectively. (8) By striking out "corn or" and ", as the case may be," from paragraph (8), redesignated by this section as paragraph (7), and adding at the end of such paragraph the following sentence: "If the buyer fails to collect such penalty, such buyer and all persons entitled to share in the wheat marketed from the farm or the proceeds thereof shall be jointly and severally liable for such penalty." (9) By repealing paragraph (12), and by adding the followin^ new paragraphs to follow paragraph (11), redesignated by this section as paragraph (10): "(11) The persons liable for the payment or collection of the penalty on any amount of wheat shall be liable also for interest thereon at the rate of 6 per centum per annum from the date the penalty becomes due until the date of payment of such penalty. "(12) If marketing quotas for wheat are not in effect for any marketing year, all previous marketing quotas applicable to wheat sljtill be terminated, effective as of the first day of such marketing year. Such termination shall not abate any penalty previously incurred by a producer or relieve any buyer of the duty to remit penalties previously collected by him." SEC. 320. Section 301(b) (13) of the Agricultural Adjustment Act of 1938, as amended, is amended— (1) by striking out paragraph (A); (2) by inserting in paragraphs (D) and (E) after the words "in the case of rice" the words "and wheat", by inserting in said paragraphs after the words "per acre of rice" the following: "or wheat, as the case may be,", and by inserting in said paragraph after "determined" the^following: "in the case of rice, or during the five years immediately preceding the year in which such normal yield is determined in the case of wheat"; (3) by striking from paragraph (G) the following: (A) "wheat," in each of the two places it first occurs therein; (B) "and, in the case of wheat, but not in the case of corn, cotton, or 78135 0-63—43

625 ss Stat. 204.

7s Stat. 297. 5s Stat. 205.

55 Stat. «72.

7 USC 1301. 68 Stat. 902. 70 Stat. 212.

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