Extra Long Staple Cotton Act

[AI summary unavailable — showing source text] Extra Long Staple Cotton Act - Directs the Secretary of Agriculture to establish for each of the 1974 through 1977 crops of extra long staple cotton a national base acreage allotment in the amount of 81,400 acres. Establishes the criteria for apportionment to States, counties, and farms. Directs the Secretary to make available to producers on each of the 1974 through 1977 crops of cotton at the same rates and on the same terms and conditions as are provided under the upland cotton program and sets forth the criteria for establishment of payment yields. Sets forth the conditions for eligibility for payments under this Act. Sets forth the procedure for determining the minimum sales price for sales of extra long staple cotton by the Commodity Credit Corporation.…