Emergency Food and Agriculture Act

[AI summary unavailable — showing source text] Emergency Food and Agriculture Act - Title I: Wheat - Amends the Agricultural Act of 1949 to provide for the 1978 through 1981 crops of wheat a price support floor of not less than $3.00 per bushel and a ceiling of not more than 100 percent of parity. Sets a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging from 60 percent of parity per bushel for a 20 percent set-aside up to 89 percent of parity per bushel for a 50 percent set-aside. Title II: Feed Grains - Amends the Agricultural Act of 1949 to provide for the 1978 through 1981 crops of corn a price support floor of not less than $2.25 per bushel and a ceiling of not more than 100 percent of parity. Sets a sliding-scale of established prices, keyed to voluntary five percent increments above the required acreage set-aside level, ranging from 60 percent of parity per bushel for a ten percent set-aside up to full parity for a 50 percent set- aside. Title III: Upland Cotton - Amends the Agricultural Act of 1949 to provide for the 1978 through 1981 crops of upland cotton a loan level floor of not less than 52 cents per pound and a ceiling of not more tha…