
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: 7USC1448]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
 
            SUBCHAPTER III--NONBASIC AGRICULTURAL COMMODITIES
 
Sec. 1448. Price support levels for storable nonbasic 
        agricultural commodities
        
    Without restricting price support to those commodities for which a 
marketing quota or marketing agreement or order program is in effect, 
price support shall, insofar as feasible, be made available to producers 
of any storable nonbasic agricultural commodity for which such a program 
is in effect and who are complying with such program. The level of such 
support shall not be in excess of 90 per centum of the parity price of 
such commodity nor less than the level provided in the following table:




If the supply percentage as of    The level of support shall be not less
 the beginning of the marketing    than the following percentage of the
 year is:                          parity price:






  Not more than 102..............................................     90
  More than 102 but not more than 104............................     89
  More than 104 but not more than 106............................     88
  More than 106 but not more than 108............................     87
  More than 108 but not more than 110............................     86
  More than 110 but not more than 112............................     85
  More than 112 but not more than 114............................     84
  More than 114 but not more than 116............................     83
  More than 116 but not more than 118............................     82
  More than 118 but not more than 120............................     81
  More than 120 but not more than 122............................     80
  More than 122 but not more than 124............................     79
  More than 124 but not more than 126............................     78
  More than 126 but not more than 128............................     77
  More than 128 but not more than 130............................     76
  More than 130..................................................     75



    Provided, That the level of price support may be less than the 
minimum level provided in the foregoing table if the Secretary, after 
examination of the availability of funds for mandatory price support 
programs and consideration of the other factors specified in section 
1421(b) of this title, determines that such lower level is desirable and 
proper.

(Oct. 31, 1949, ch. 792, title III, Sec. 302, 63 Stat. 1053.)


                       Inapplicability of Section

    Section inapplicable to 1996 through 2002 crops of loan commodities, 
peanuts, and sugar and inapplicable to milk during period beginning Apr. 
4, 1996, and ending Dec. 31, 2002, see section 7301(b)(1)(I) of this 
title.

                  Section Referred to in Other Sections

    This section is referred to in sections 1446, 1449, 7301 of this 
title.
