matter 
preceding 
the 
subparagraphs 
by 
striking
‘‘nonrecourse loans’’ and inserting ‘‘recourse loans’’.
(b) COTTON.—
(1) EXTRA
LONG
STAPLE
COTTON.—Section
103(h)(2) of the Agricultural Act of 1949 (7 U.S.C.
1444–2(h)(2)) is amended by striking ‘‘nonrecourse
loans’’ both places it appears and inserting ‘‘re-
course loans’’.
(2) UPLAND COTTON.—Section 103B(a) of the
Agricultural Act of 1949 (7 U.S.C. 1444–2(a)) is
amended—
(A) 
in 
paragraph 
(1), 
by 
striking
‘‘nonrecourse loans’’ in the matter preceding
the subparagraphs and inserting ‘‘recourse
loans’’; and
(B) in paragraph (4)(A), by striking
‘‘nonrecourse loans’’ and inserting ‘‘recourse
loans’’.
(c) FEED GRAINS.—Section 105B(a)(1) of the Agri-
cultural Act of 1949 (7 U.S.C. 1444f(a)(1)) is amended
by striking ‘‘loans’’ and inserting ‘‘recourse loans’’.
(d) WHEAT.—Section 107B(a)(1) of the Agricultural
Act of 1949 (7 U.S.C. 1445b–3a(a)(1)) is amended by
striking ‘‘loans’’ and inserting ‘‘recourse loans’’.
(e) OILSEEDS.—Section 205(b) of the Agricultural
Act of 1949 (7 U.S.C. 1446f(b)) is amended by striking
‘‘nonrecourse loans’’ and inserting ‘‘recourse loans’’.
(f) SUGAR.—Section 206 of the Agricultural Act of
1949 (7 U.S.C. 1446f(b)) is amended—
(1) in subsection (b), by striking ‘‘nonrecourse
loans’’ and inserting ‘‘recourse loans’’;
(2) in subsection (c), by striking ‘‘nonrecourse
loans’’ and inserting ‘‘recourse loans’’; and
(3) 
in 
subsection 
(g), 
by 
striking
‘‘NONRECOURSE LOANS’’ and inserting ‘‘RECOURSE
LOANS’’.
(g) OTHER NONBASIC COMMODITIES.—Section 301
of the Agricultural Act of 1949 (7 U.S.C. 1447) is amend-
ed by striking ‘‘loans’’ and inserting ‘‘recourse loans’’.
(h) CONFORMING AMENDMENT.—Section 504(c)(2)
of the Agricultural Act of 1949 (7 U.S.C. 1464(c)(2)) is
amended by striking ‘‘nonrecourse loan’’ and inserting
‘‘recourse loan’’.
SEC. 112. THREE PERCENT ANNUAL REDUCTION IN TAR-
GET PRICES FOR BASIC AGRICULTURAL COM-
MODITIES.
(a) WHEAT.—Section 107B(c)(1)(B)(iii) of the Agri-
cultural Act of 1949 (7 U.S.C. 1445b–3a(c)(1)(B)(iii)) is
amended by striking ‘‘1995 crops.’’ and inserting the fol-
lowing: ‘‘1994 crops. Beginning with 1995 crops, the es-
tablished price for wheat for a crop year shall be three
percent less than the established price for wheat for the
preceding crop year.’’.
(b) FEED GRAINS.—Section 105B(c)(1)(B)(iii) of the
Agricultural Act of 1949 (7 U.S.C. 1444f(c)(1)(B)(iii)) is
amended—
(1) in subclause (I), by striking ‘‘1995 crops of
corn.’’ and inserting the following: ‘‘1994 crops of
corn. Beginning with 1995 crops, the established
price for corn for a crop year shall be three percent
less than the established price for corn for the pre-
ceding crop year.’’;
(2) in subclause (II), by striking ‘‘per bushel.’’
and inserting the following: ‘‘per bushel for the 1991
through 1994 crops of oats. Beginning with 1995
crops, the established price for oats for a crop year
shall be three percent less than the established price
for oats for the preceding crop year.’’; and
(3) in subclause (III)—
(A) by striking ‘‘1995 crops’’ and inserting
‘‘1994 crops’’; and
(B) by adding at the end the following new
sentence: ‘‘Beginning with 1995 crops, the es-
tablished price for grain sorghums for a crop
year shall be three percent less than the estab-
lished price for grain sorghums for the preced-
ing crop year.’’.
(c) UPLAND COTTON.—Section 103B(c)(1)(B)(ii) of
the Agricultural Act of 1949 (7 U.S.C. 1444–
2(c)(1)(B)(ii)) is amended by striking ‘‘1997 crops.’’ and
inserting the following: ‘‘1994 crops. Beginning with 1995
crops, the established price for upland cotton for a crop
year shall be three percent less than the established price
for upland cotton for the preceding crop year.’’.
(d) RICE.—Section 101B(c)(1)(B)(iii) of the Agricul-
tural Act of 1949 (7 U.S.C. 1441–2(c)(1)(B)(iii)) is
amended by striking ‘‘1995 crops.’’ and inserting the fol-
lowing: ‘‘1994 crops. Beginning with 1995 crops, the es-
tablished price for rice for a crop year shall be three per-
cent less than the established price for rice for the preced-
ing crop year.’’.
SEC. 113. ELIMINATION OF 0/85 AND 50/85 PROGRAMS FOR
BASIC AGRICULTURAL COMMODITIES.
(a) WHEAT.—Section 107B of the Agricultural Act
of 1949 (7 U.S.C. 1445b–3a(c)(1)) is amended—
(1) by striking subparagraphs (E) and (F) of
subsection (c)(1);
(2) by striking paragraph (3) of subsection (e);
and
(3) in paragraph (4)(C)(i) of subsection (e), by
striking ‘‘, acreage devoted to a conservation use
under subsection (c)(1)(E),’’.
(b) FEED GRAINS.—Section 105B of the Agricultural
Act of 1949 (7 U.S.C. 1444f) is amended—
(1) by striking subparagraphs (E) and (F) of
subsection (c)(1);
(2) by striking paragraph (3) of subsection (e);
and
(3) in paragraph (4)(C)(i) of subsection (e), by
striking ‘‘, acreage devoted to a conservation use
under subsection (c)(1)(E),’’.
(c) UPLAND COTTON.—Section 103B of the Agricul-
tural Act of 1949 (7 U.S.C. 1444–2) is amended—
(1) by striking subparagraphs (D) and (E) of
subsection (c)(1);
(2) by striking paragraph (3) of subsection (e);
and
(3) in paragraph (4)(C)(i) of subsection (e), by
striking ‘‘, acreage devoted to a conservation use
under subsection (c)(1)(E),’’.
(d) RICE.—Section 101B of the Agricultural Act of
1949 (7 U.S.C. 1441–2) is amended—
(1) by striking subparagraphs (D) and (E) of
subsection (c)(1);