S 2005 · 93th Congress · Agriculture and Food
A bill to provide for adequate reserves of certain agricultural commodities.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Agriculture and Forestry.(1973-06-15)
Plain Language Summary
[AI summary unavailable — showing source text]
Provides that the Commodity Credit Corporation shall not sell any of its stocks of wheat, corn, grain sorghum, barley, oats, or rye at less than the established price applicable by law to the crop of any such commodity, or any of its stocks of soybeans at less than 150 percent of the current national average loan rate for such commodity. Authorizes the Secretary of Agriculture to purchase adequate reserves of wheat, feed grains, and soybeans at any time that the market price falls to 125 percent of the announced nonrecourse loan level for such commodities. Provides a two-year extension of the price support loan on any quantity of wheat, feed grains, or soybeans stored under seal on a farm or private commercial facility.…
Summarized by Claude AI · Non-partisan · For informational purposes only