Page:United States Statutes at Large Volume 95.djvu/1282

 95 STAT. 1256

PUBLIC LAW 97-98—DEC. 22, 1981 "(4) Notwithstanding the foregoing provisions of this section or any other provision of law, no price support shall be made available by the Secretary for any crop of peanuts with respect to which poundage quotas have been disapproved by producers, as provided for in section 358(o) of the Agricultural Adjustment Act

Ante, p. 1248.

of 1938.'*. REPORTS AND RECORDS

7 USC 1373.

SEC. 706. Effective only for the 1982 through 1985 crops of peanuts, the first sentence of section 373(a) of the Agricultural A(^ustment Act of 1938 is amended by inserting immediately before "all brokers and dealers in peanuts the following: "all farmers engaged in flie production of peanuts,". SUSPENSION OF CERTAIN PRICE SUPPORT PROVISIONS

7 USC 1441 note. SEC. 707. Section 101 of the Agricultural Act of 1949 shall not be 7 USC 1441. applicable to the 1982 through 1985 crops of peanuts. TITLE Vm—SOYBEANS SOYBEAN PRICE SUPPORT

7 USC 1446.

SEC. 801. Effective only for the 1982 through 1985 crops of soybeans, section 201 of the Agricmtural Act of 1949 is amended by— (1) inserting in the first sentence "soybeans," after "tung nuts,"; and (2) adding at the end thereof a new subsection as follows: "(gKl) The price of soybeans shall be supported through loans and purchases during each of the four marketing years beginning with the 1982 marketing year at a level equal to 75 per centum of the simple average price received by farmers for soybeans for each of the preceding five marketing years, excluding the high and low vsdued years, except that in no event shall the Secretary establish a support price of less than $5.02 per bushel: Provided, That if the Secretary determines that the average price of soybeans received by producers in any marketing year is not more than 105 per centum of the level of loans and purchases for soybeans for such marketing year, the Secretary may reduce the level of loans and purchases for soybeans for the next marketing year by the amount the Secretary determines necessary to maintain domestic and export markets for soybeans, except that the level of loans and purchases shall not be reduced by more than 10 per centum in any year nor below $4.50 per bushel. For the purposes of this subsection, the soybean marketing year shall be the twelve-month period beginning on September 1 and ending August 31. The Secretary shall make a preliminary announcement of the level of price support not earlier than thirty days in advance of the b^;inning of the marketing year based upon the latest information and statistics available when such level of price support is announced, and shall make a final announcement of such level as soon as full information and statistics are available on prices for the five years preceding the beginning of the marketing year. In no event shall such final level of support be annoimced later than October 1 of the marketing year for wmch the announcement applies; nor shall the final level of support be less than the level of support set forth in the preliminary announcement. "(2) Notwithstanding any other provision of law—

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