Food and Agriculture Act of 1981

[AI summary unavailable — showing source text] Food and Agriculture Act of 1981 - Title I: Payment Limitations for Wheat, Feed Grains, Upland Cotton, and Rice - Extends through 1985 the $50,000 annual limitation on the total amount of payments (excluding disaster payments) available to a person under the wheat, feed grains, upland cotton, and rice programs. Limits such annual payments to $100,000 when a disaster payments program is in effect. Title II: Dairy Program - Extends through 1985 the: (1) dairy base plan authority; and (2) program of price-supported dairy products for the military and veterans' hospitals. Extends the dairy indemnity program through September 30, 1985. Establishes the milk support price for fiscal years 1982-1985 at between 75-90 percent of parity. Provides that: (1) the support price may not be less than the previous year; and (2) the support price shall be redetermined whenever dairy imports are increased as a result of relaxed import restrictions. Title III: Wool and Mohair - Amends the National Wool Act of 1954 to extend the wool and mohair price support program through 1985. Sets the support price for shorn wool for the 1982-1985 marketing years at 85 percent of the current formula amount under suc…