Montana farmer-stockman., 1948-07-15
Farm Price Support Bill

Here summary OF Blu Passed by SOth Congress
A S agreed to in conference. H R. e2a consists of three titles Title I
Titles II and HI contain provisions of Titles III and " of senate-approved
Aiken 1ongrange farm bill HighIghts of the conference bill are as follows:
TrrLEI
This Title consists of the provisions o H R. s2a as the bill was passed
by the House with a few conference amendments. Hlghights Of these pro-
Effective Daie-Pnce support provisions of Title I are to become effective
Jan l. 1s9. Other provisions OF this Title are to become effective OF
enactment
Temporary Support fol Basic commodnie.-price received by producers
percent Of present parity until June 80, 1856.
Temporary Price Support for steagan commodihes-Irsh potatoes hG-
vested before Jan l 1ss, hogs eggs poultry milk, and milk products
!, 1850 Potatoes harvested after Dec. 81, ls4s, and other steagan commodi-
price, and at not more than the 148 support price, until JAN 1, 1850.
Wool-This present price support program o wool is extended to June
Temporary Price Support for Other Commodities L is declared to be the
policy of congress that lending and purchase operations of the UsDA, other
than those specifically provided for, shall be carried out SC as to bring the
fair parity relationship viii the commodities for which specific price sup
ports are provided The secretary of agriculture is authorized to require
the support Of steagan and other nonDasic commodities a =.
imposition of fees or quotas IN imported agricultural commodities when
ev sa necessary assyvs to protect m a aomesTe p aafb suppoT IT. program : sa,s+.rv # ,z-
culture to make payments to farmers under the soil conservation and
TITLES I AND
These titles contain the parity and long-range price support features
carried by Titles III and ~ of the Aiken long-range farm program bill as
Fl AR r saa a ~ p% nen ny wis sTns of these titles psss se ~ "f follows cTe no'Se sAs'"@
Effective Date-Ttles II and III are to become effective JAM i, 1850.
Revision o Paity-The lo-yer moving average formula is to be used
nor than 5 percent per ear during the transition period.
Permanent Price supporis-O The secretary of agriculture is author
lied to support the price of any agricultural commodity at not more than
90 percent of parity, taking into consideration the supply of the commodity
supported, the availability of funds. perishabiIty of the commodity, its i'm
potance to agriculture and the national economy, ability to dispose of stocks
acquired through a price support program, the need for ff@tlng temporary
losses of export markets, and the ability and willingness o. producers to keep
supplies in line with demand. The secretary is authorized to require com
piance with acreage anotments, production goals and marketing practices
is a condition for price support
If prices IF turkeys Or chickens are supported, prices of broIers, ducks,
and duckings and other poultry must be supported ALSO
c9 A mandatory flexible support program, based o n rs percent of parity
for a normal supply and adjusted upward Oh downward, within the limits of
so to 80 percent of parity, at the rate of percent of parity for each 2 percent
that supply varies from normal is provided for the basic commodites-corn,
wheat rice, cotton, tobacco, and peanuts. A premium of 20 percent is o be
added to the applicable support level for a basic commodity when marketing
quotas o. acreage anotments are in effect provided the support level is not
raised above 81 percent of parity. The support level is to be SO percent of
parity for any basic commodity in marketing years for which producers dis
approve marketing quotas.
C) The level of support for tobacco is tt be 90 percent of parity for any
crop for which marketing quotas are in effect
C) The price Of Irish potatoes harvested after Dec. 81, 199, is to
be supported within the range of 10 to go percent of parity.
80 Wool is to be supported at the level within the limits of so to 90
percent of parity, considered necessary by the secretary of agriculture TO
obtain an annual production of 100000 900 pounds of shorn wool
Q) The secretary Of agriculture is authorized to support prices at levels
IN excess o. the maximums otherwise prescribed, whenever, necessary to in
crease OF maintain production IN the interest of national security.
Marketing Quota LeveIs-Markehng quota votes are to be called on corn,
wheat cotton, and rice whenever ID supply reaches 100 percent of normal
in the caseof corn, wheat, and rice and 108 percent O. normal in the case
o. cotton: or % supply is at least norma and prices are 6 perceuto of parity