Consumer and Agricultural Protection Act

[AI summary unavailable — showing source text] Consumer and Agricultural Protection Act - Establishes a National Board of Agricultural Governors, independent of the Department of Agriculture and consisting in part of agricultural producers, whose primary duty shall be the annual establishment of cost of production prices for cotton, dairy products, dry beans, feed grains, poultry, rice, soybeans, sugar, livestock and wheat. States that such prices shall take into account: (1) machinery ownership costs; (2) general farm overhead costs; (3) a value for the management services contributed by the producer; (4) labor costs; and (5) a value for the land utilized. Sets 1978 cost of production prices as follows: (1) dry beans, $22.00 per hundredweight; (2) wheat, $4.75 per bushel; (3) sugar, $.25 (raw) per pound; (4) corn, $3.15 per bushel; (5) soybeans, $6.60 per bushel; (6) barley, $3.00 per bushel; (7) grain sorghum, $5.39 per hundredweight; (8) oats, $1.65 per bushel; (9) cotton, $.70 per pound; (10) cattle, $.55 per pound; (11) calves, $.65 per pound; (12) milk, $12.00 per hundredweight; (13) hogs, $.50 per pound; (14) rice, $10.00 per hundredweight; and (15) poultry, $.40 per pound. Requires the Secretary of Agriculture to guaran…