
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1421b]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 1421b. Costs of production

    Congress finds that, to improve the accuracy of commodity program 
benefit forecasts, the Secretary of Agriculture should designate a 
single organization to manage its commodity program forecasting and 
establish a quality control program to--
        (1) systematically identify the source of forecasting errors;
        (2) maintain records of data used for supply and demand 
    forecasts;
        (3) document its forecasting methods; and
        (4) correct weaknesses in its various forecasting components.

(Pub. L. 101-624, title XXV, Sec. 2512, Nov. 28, 1990, 104 Stat. 4073; 
Pub. L. 104-66, title I, Sec. 1011(b), Dec. 21, 1995, 109 Stat. 709.)

                          Codification

    Section was enacted as part of the Food, Agriculture, Conservation, 
and Trade Act of 1990, and not as part of the Agricultural Act of 1949 
which is classified principally to this chapter. For complete 
classification of the 1949 Act to the Code, see Short Title note set out 
under section 1421 of this title and Tables.


                               Amendments

    1995--Pub. L. 104-66 struck out subsec. (a) designation and heading 
``Improving accuracy of commodity program budget forecasts'' before 
``Congress finds that'', and struck out subsec. (b) ``Return on assets'' 
which read as follows: ``The Secretary of Agriculture shall annually 
publish a report analyzing the return on assets resulting from the 
production of upland cotton, rice, wheat, corn, oats, barley, grain 
sorghum, soybeans, peanuts, sugar from sugar beets, and raw sugar from 
sugar cane. In conducting this analysis, the Secretary shall consider 
returns from agricultural price support programs, the effects of 
agricultural price support programs on cost of production, the factors 
currently used in Department of Agriculture cost of production data, 
current value of land, and any other information that he considers 
necessary to reflect accurately return on the production of such 
crops.''
