Food and Agriculture Act of 1979

[AI summary unavailable — showing source text] Eat and Agriculture Act of 1979 - Title I: Price Support for Wheat, Feed Grains, and Upland Cotton; Grain Release Prices - Amends the Agricultural Act of 1949, with respect to the 1980 and 1981 crops of wheat, feed grains, and upland cotton, to require the Secretary of Agriculture to formulate and put into operation coordinated set-aside and price support programs under which: (1) the level of established (target) price paid to any producer shall be based on the amount of cropland voluntarily set-aside from production; (2) the higher the established price elected to receive, the greater the amount of cropland which must set-aside; and (3) if he sets aside the highest percentage of cropland prescribed by the Secretary, the producer shall be entitled to the maximum established price, which shall be 100 percent of the parity price of such commodity. Requires the producer storage program, for the 1980 and 1981 crops of wheat and feed grains, to provide for: (1) the redemption of any commodity securing a storage loan whenever its market price attains a specified level not less than 90 percent of parity; and (2) the calling of storage loans on a particular commodity whenever its market p…