Page:United States Statutes at Large Volume 87.djvu/265

 87

STAT.]

PUBLIC LAW 93-86-AUG. 10, 1973

233

COTTON P K O G E A M SUSPENSION OF MARKETING QUOTAS FOR COTTON, MINIMUM BASE ACREAGE ALLOTMENTS

(19) Section 601 is amended by— (A) striking out "1971, 1972, and 1973" wherever it appears therein and inserting "1971 through 1977", (B) striking "1970, 1971, and 1972" from paragraph (2) and inserting "1970 through 1976", (C) effective beginning with the 1974 crop, striking out the following from section 344a(a) in section 601 "for which a farm base acreage allotment is established (other than pursuant to section 350(e)(1)(A)) ", (D) striking "1974" from paragraph (3)(1) and inserting "1978", and by striking "1972 and 1973" from paragraph (4) and inserting "1972 through 1977", (E) effective beginning with the 1974 crop, adding at the end of section 350(a) in paragraph (4) of section 601 the following: "The national base acreage allotment for the 1974 through 1977 crops shall not be less than e'even million acres.", (F) effective beginning with the 1974 crop, striking "soybeans, wheat or feed grains" from the last sentence of section 350(e)(2) in paragraph (4) of section 601 and inserting "soybeans, wheat, feed grains, guar, castor beans, triticale, oats, rye or such other crops as the Secretary may deem appropriate", (G) effective beginning with the 1974 crop, striking the words "an adjoining" in the first sentence of section 350(h) as found in paragraph (4) of section 601, and inserting in lieu thereof "any other nearby".

84 Stat. 1371. 7 USC 1342a.

84 Stat. 1372. 7 USC 1344b.

7 USC 1350. Minimum national base acreage allotment.

COTTON P R O D U C T I O N I N C E N T IV E S (20) Section 602 is amended by— (A) striking "1971, 1972, and 1973" wherever it appears therein and inserting "1971 through 1977", by striking "the 1972 or 1973 crop" where it appears in that part amending section 103(e)(1) of the Agricultural Act of 1949 and inserting "any of the 1972 through 1977 crops", and by striking out "acreage world price" in that part amending section 103(e)(1) of the Agricultural Act of 1949, and substituting "average price of American cotton in world markets"; (B) in that part amending section 103(e)(1) of the Agricultural Act of 1949 striking out "two-year period" wherever it appears therein and substituting "three-year period"; and by striking out that part beginning with "except that" in the first sentence and substituting "except that if the loan rate so calculated is higher than the then current level of average world prices for American cotton of such quality, the Secretary is authorized to adjust the current calculated loan rate for cotton to 90 per centum of the then current average world price."; (C) effective, beginning with the 1974 crop, amending section 103(e)(2) of the Agricultural Act of 1949, as it appears in such section 602 to read as follows: " (2) Payments shall be made for each crop of cotton to the producers on each farm at a rate equal to the amount by which the higher of— "(1) the average market price received by farmers for upland cotton during the calendar year which includes the first five months of the marketing year for such crop, as determined by the Secretary, or

84 Stat. 1374. 7 USC 1444.

Payments.

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