Page:United States Statutes at Large Volume 84 Part 1.djvu/1425

 84 STAT. ]

PUBLIC LAW 91-524-NOV. 30, 1970

1367

crops of wheat, section 706, Public Law 89-321 (79 Stat. 1210), is i use uos. amended as follows: (1) by adding in the first sentence after the words "the Soil Conservation and Domestic Allotment Act, as amended," the words "or the Agricultural Act of 1949, as amended,"; and (2) by adding at the end thereof the following sentence: "The term 'acreage allotments' as used in this section includes the domestic ^^^^l^f,^^^ ^"°'' allotment for wheat." SEC. 406. Public Law 74, Seventy-seventh Congress (68 Stat. 905), Marketing exshall not be applicable to the crops of wheat planted for harvest in the Tu'scTaaol' calendar years 1971, 1972, and 1973. i34o. SEC. 407. The amount of any wheat stored by a producer under sec- storage. tion 379c (b) of the Agricultural Adjustment Act of 1938, as amended, ^"'^' P* ^^^•'* prior to the 1971 crop of wheat may be reduced by the amount by which the actual total production of the 1971, 1972, or 1973 crop on the farm is less than the number of bushels determined by multiplying three times the domestic allotment for such crop on the farm by the yield established for the farm for the purpose of issuance of domestic marketing certificates. The provisions of such section shall continue to Applicability. apply to the wheat so stored to the extent not inconsistent therewith. SEC. 408. Effective only with respect to the 1971, 1972, and 1973 crops of the commodity the Agricultural Act of 1949 as amended is further amended by adding in section 408 a new subsection (k) as V-^sc'Xllll* follows: "REFERENCES TO TERMS MADE APPLICABLE TO WHEAT AND FEED GRAINS

" (k) Eeferences made in sections 402, 403, 406, and 416 to the terms 'support price,' 'level of support,' and 'level of price support' shall be considered to apply as well to the level of loans and purchases for wheat and feed grains under this Act; and references made to the terms 'price support,' 'price support operations,' and 'price support program' in such sections and in section 401(a) shall be considered as applying as well to the loan and purchase operations for wheat and feed grains under this Act." SEC. 409. Section 407 of the Agricultural Act of 1949, as amended, is 63 Stat. i oss j further amended effective only with respect to the marketing years g2 | u u 703,9s6. for the 1971, 1972, and 1973 crops of the commodity as follows: 7 USC 1427. (1) by deleting in the third sentence the language following the third colon and substituting the following: '•''Provided, That the Corporation shall not sell any of its stocks of wheat, corn, grain sorghum, barley, oats, and rye, respectively, at less than 115 per centum of the current national average loan rate for the commodity, adjusted for such current market differentials reflecting grade, quality, location, and other value factors as the Secretary determines appropriate, plus reasonable carrying charges." (2) by deleting in the fifth sentence "current basic county support rate including the value of any applicable price-support payment in kind (or a comparable price if there is no current basic county support r a t e) " and substituting "current basic county loan rate (or a comparable price if there is no current basic county loan rate)", and (3) by deleting in the seventh sentence ", but in no event shall the purchase price exceed the then current support price for such commodities." and substituting "or unduly affecting market prices, but in no event shall the purchase price exceed the Corporation's minimum sales price for such commodities for unrestricted use." SEC. 410. Notwithstanding any other provision of law, for the 1971, 1972, and 1973 crops of wheat, feed grains and cotton, if in any year at

47-348 O - 72 - 90 (Pt. 1)

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