Page:United States Statutes at Large Volume 87.djvu/257

 87 STAT. ]

PUBLIC LAW 93-86-AUG. 10, 1973

225

(A) amending section 107(a) to read as follows: Loans and pur" (a) Loans and purchases on each crop of wheat shall be made abm^y.'^''^'^" available at such level as the Secretary determines appropriate, taking 84 st'at. i362. into consideration competitive world prices of wheat, the feeding value '' ^^^ 1445a. of wheat in relation to feed grains, and the level at which price support is made available for feed grains: Provided, That in no event shall such level be in excess of the parity price for wheat or less than $1.37 per bushel." (B) substituting the word "payments" for the word "certificates" in section 107(b); (C) striking the quotation mark at the end of section 107(b); and (D) adding at the end of the section the following: "(c) Payments shall be made for each crop of wheat to the producers on each farm in an amount determined by multiplying (i) the amount by which the higher of— "(1) the national weighted average market price received by farmers during the first five months of the marketing year for such crop, as determined by the Secretary, or "(2) the loan level determined under subsection (a) for such crop is less than the established price of $2.05 per bushel in the case of the 1974 and 1975 crops, $2.05 per bushel adjusted to reflect any change during the calendar year 1975 in the index of prices paid by farmers for production items, interest, taxes, and wage rates in the case of the 1976 crop, and the established price for the 1976 crop adjusted to reflect any change during the calendar year 1976 in such index in the case of the 1977 crop, times in each case (ii) the allotment for the farm for such crop, times (iii) the projected yield established for the farm with such adjustments as the Secretary determines necessary to provide a fair and equitable yield: Provided, That any increase that would otherwise be made in the established price to reflect a change in the index of prices paid by farmers shall be adjusted to reflect any change in (i) the national average yield per acre of wheat for the three calendar years preceding the year for which the determination is made, over (ii) the national average yield per acre of wheat for the three calendar years preceding the year previous to the one for which the determination is made. If the Secretary determines that the producers are prevented from planting, any portion of the farm acreage allotment to wheat or other nonconserving crop, because of drought, flood, or other natural disaster or condition beyond the control of the producer, the rate of payment on such portion shall be the larger of (A) the foregoing rate, or (B) one-third of the established price. If the Secretary determines that, because of such a disaster or condition, the total quantity of wheat (or other nonconserving crop planted instead of wheat) which the producers are able to harvest on any farm is less than 66% percent of the farm acreage allotment times the projected yield of wheat (or other nonconserving crop planted instead of wheat) for the farm, the rate of payment for the deficiency in production below 100 percent shall be the larger of (A) the foregoing rate, or (B) one-third of the established price. The Secretary shall provide for the sharing of payments made under this subsection for any farm among the producers on the farm on a fair and equitable basis." TERMINATION OF W H E A T C E R T I F I C A T E PROGRAM, FARM ACREAGE ALLOTMENTS (9) Section 402 is amended by inserting " (a) " after the section ajj^ofe ^13790 designation and adding the following at the end of the section: and note! 22-150 n - 75 - 17

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