Page:United States Statutes at Large Volume 99 Part 2.djvu/309

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PUBLIC LAW 99-198—DEC. 23, 1985 -*IC)?!i


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EXTRA LONG STAPLE COTTON

99 STAT. 1419 ,

SEC. 507. Section 103(h) of the Agricultural Act of 1949 (7 U.S.C. 1444(h)) is amended— Ante, p. 488. (1) in paragraph (2)— (A) in the first sentence, by striking out "50 per centum in excess of the loan level established for each crop of Strict Low Middling one ^nd one-sixteenth inch upland cotton (micronaire 3.5 through 4.9) at average location in the United States" and inserting in lieu thereof "85 percent of the simple average price received by producers of extra long ,. staple cotton, as determined by the Secretary, during 3 years of the 5-year period ending July 31 in the year in which the loan level is announced, excluding the year in which the average price was the highest and the year in which the average price was the lowest in such period."; (B) by striking out "November" in the last sentence and inserting in lieu thereof "December"; and _ _ . (C) by striking out in the last sentence ", or within 10 J„;:j days after the loan level for the related crop of upland ' " cotton is announced, whichever is later,"; and (2) by adding at the end thereof the following new paragraph: "(19) Notwithstanding any other provision of law, this subsec- Prohibition, tion shall not be applicable to the 1991 and subsequent crops of extra long staple cotton.". TITLE VI—RICE LOAN RATES, TARGET PRICES, DISASTER PAYMENTS, ACREAGE LIMITATION PROGRAM, AND LAND DIVERSION FOR THE 1986 THROUGH 1990 CROPS OF RICE

SEC. 601. Effective only for the 1986 through 1990 crops of rice, the Agricultural Act of 1949 is amended by inserting after section 101 (7 U.S.C. 1441) the following new section: "SEC. lOlA. Notwithstanding any other provision of law: "(a)(1) Except as provided in paragraph (2), the Secretary shall make available to producers loans and purchases for each of the 1986 through 1990 crops of rice at a level that is not less than— "(A) in the case of the 1986 crop of rice, $7.20 per hundredweight; and "(B) in the case of each of the 1987 through 1990 crops of rice, the higher of— "(i) 85 percent of the simple average price received by producers, as determined by the Secretary, during the marketing years for the immediately preceding 5 crops of rice, excluding the year in which the average price was the highest and the year in which the average price was the lowest in such period; or "(ii) $6.50 per hundredweight. "(2) The loan level for a crop of rice determined under paragraph (I)(B) may not be reduced by more than 5 percent from the loan level determined for the preceding crop. "(3) The loan and purchase level and the established price for each of the 1986 through 1990 crops of rice shall be announced not later than January 31 of each calendar year for the crop harvested in such calendar year.

7 USC 1441-1.

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