§1782. Support price for wool and mohair

(a) Subject to subsection (b)(3) of this section, the Secretary of Agriculture shall, through the Commodity Credit Corporation, make loans and payments to producers of wool and mohair through December 31, 1995.

(b)(1) Except as provided in paragraphs (2) and (3), the support price for shorn wool for the 1966 and each subsequent marketing year shall be determined by multiplying 62 cents by the ratio of (i) the average of the parity index (the index of prices paid by farmers, including commodities, and services, interest, taxes, and farm wage rates, as defined in section 1301(a)(1)(C) of this title) for the three calendar years immediately preceding the calendar year in which the price support is determined and announced to (ii) the average parity index for the three calendar years 1958, 1959, and 1960, and rounding the resulting amount to the nearest full cent.

(2) Except as provided in paragraph (3), for the marketing years beginning January 1, 1982, and ending December 31, 1995, the support price for shorn wool shall be 77.5 percent (rounded to the nearest full cent) of the amount calculated according to paragraph (1).

(3) No loans, purchases, or payments shall be made for the 1996 and subsequent marketing years, except that loans and payments for the 1995 marketing year shall be paid in 1996.

(4)(A) Through December 31, 1995, the Secretary shall offer to wool and mohair producers recourse loans under terms and conditions that are prescribed by the Secretary, except that the loans shall be administered at no net cost to the Federal Government.

(B) A producer who fails to repay a loan made under subparagraph (A) by the end of the following marketing year shall be ineligible for a loan under this Act for that marketing year and subsequent marketing years.

(c) The support prices for pulled wool and for mohair shall be established at such levels, in relationship to the support price for shorn wool, as the Secretary determines will maintain normal marketing practices for pulled wool, and as the Secretary shall determine is necessary to maintain approximately the same percentage of parity for mohair as for shorn wool. The deviation of mohair support prices shall not be calculated so as to cause it to rise or fall more than 15 per centum above or below the comparable percentage of parity at which shorn wool is supported: Provided, That for the marketing years beginning January 1, 1971, and ending December 31, 1976, the support price for mohair shall be 80.2 cents per pound, grease basis.

(d) Notwithstanding the foregoing, no support under this section shall be made available, other than through payments, at a level in excess of 90 per centum of the parity price for the commodity.

(e) The Secretary shall, to the extent practicable, announce the support price levels for wool and mohair sufficiently in advance of each marketing year as will permit producers to plan their production for such marketing year.

(Aug. 28, 1954, ch. 1041, title VII, §703, 68 Stat. 910 ; Aug. 28, 1958, Pub. L. 85 835, title IV, §401, 72 Stat. 994; Aug. 8, 1961, Pub. L. 87 128, title I, §151, 75 Stat. 306; Nov. 3, 1965, Pub. L. 89 321, title II, §201, 79 Stat. 1188; Oct. 11, 1968, Pub. L. 90 559, §1(3), 82 Stat. 996; Nov. 30, 1970, Pub. L. 91 524, title III, §301(1) (5), 84 Stat. 1362; Aug. 10, 1973, Pub. L. 93 86, §1(7)(A), 87 Stat. 224; Sept. 29, 1977, Pub. L. 95 113, title III, §302, 91 Stat. 921; Dec. 22, 1981, Pub. L. 97 98, title II, §201, 95 Stat. 1221; Dec. 23, 1985, Pub. L. 99 198, title II, §201, 99 Stat. 1378; Dec. 22, 1987, Pub. L. 100 203, title I, §1104(f), 101 Stat. 1330 5; Nov. 28, 1990, Pub. L. 101 624, title II, §201(a), 104 Stat. 3381; Aug. 10, 1993, Pub. L. 103 66, title I, §1111(1), 107 Stat. 327; Nov. 1, 1993, Pub. L. 103 130, §§1, 4(b), 107 Stat. 1368, 1369.)

Repeal of Section

Section repealed effective Dec. 31, 1995, see section 3(a) of Pub. L. 103 130, set out as an Effective Date of Repeal note below.

References in Text

This Act, referred to in subsec. (b)(4)(B), is act Aug. 28, 1954, ch. 1041, 68 Stat. 897 , as amended, known as the Agricultural Act of 1954. For complete classification of this Act to the Code, see Short Title note set out under section 1741 of this title and Tables.

Amendments

1993-Pub. L. 103 130, §4(b)(1), inserted section catchline.

Subsec. (a). Pub. L. 103 130, §1(1), added subsec. (a) and struck out former subsec. (a) which read as follows: "The Secretary of Agriculture shall, through the Commodity Credit Corporation, support the prices of wool and mohair, respectively, to the producers thereof by means of loans, purchases, payments, or other operations. Such price support shall be limited to wool and mohair marketed during the period beginning April 1, 1955, and ending December 31, 1997."

Pub. L. 103 66 substituted "1997" for "1995".

Subsec. (b)(1)(i). Pub. L. 103 130, §4(b)(2), substituted "the support price" for "such price support".

Subsec. (b)(2). Pub. L. 103 130, §1(2)(A), substituted "1995" for "1997".

Pub. L. 103 66 substituted "1997" for "1995".

Subsec. (b)(3), (4). Pub. L. 103 130, §1(2)(B), (3), added pars. (3) and (4) and struck out former par. (3) which read as follows: "For the marketing years beginning January 1, 1988, and ending December 31, 1989, the support price for shorn wool shall be 76.4 percent (rounded to the nearest full cent) of the amount calculated according to paragraph (1)."

Subsec. (d). Pub. L. 103 130, §4(b)(3), substituted "support under this section" for "price support".

1990-Subsecs. (a), (b)(2). Pub. L. 101 624 substituted "1995" for "1990".

1987-Subsec. (b). Pub. L. 100 203 substituted "(1) Except as provided in paragraphs (2) and (3), the support" for "The support", struck out ": Provided, That for the marketing years beginning January 1, 1982, and ending December 31, 1990, the support price for shorn wool shall be 77.5 per centum (rounded to the nearest full cent) of the amount calculated according to the foregoing formula" after "nearest full cent", and added pars. (2) and (3).

1985-Subsecs. (a), (b). Pub. L. 99 198 substituted "1990" for "1985".

1981-Subsec. (a). Pub. L. 97 98, §201(1), substituted "1985" for "1981".

Subsec. (b). Pub. L. 97 98, §201(2), substituted provision establishing the support price for shorn wool for the marketing years beginning Jan. 1, 1982, and ending Dec. 31, 1985, as 77.5 per centum, rounded to the nearest full cent, of the amount calculated according to the foregoing formula for provision establishing the support price for shorn wool for the marketing years beginning Jan. 1, 1971, and ending Dec. 31, 1976, as 72 cents per pound, grease basis, and for the marketing years beginning Jan. 1, 1977, and ending Dec. 31, 1981, as 85 per centum, rounded to the nearest full cent, of the amount calculated according to the foregoing formula.

1977-Subsec. (a). Pub. L. 95 113, §302(1), substituted "1981" for "1977".

Subsec. (b). Pub. L. 95 113, §302(2), (3), substituted "1976" for "1977" and inserted proviso that, for the marketing years beginning Jan. 1, 1977, and ending Dec. 31, 1981, the support price for shorn wool shall be 85 per centum (rounded to the nearest full cent) of the amount calculated according to the foregoing formula.

Subsec. (c). Pub. L. 95 113, §302(4), substituted "1976" for "1977".

1973-Subsec. (a). Pub. L. 93 86 substituted "1977" for "1973".

Subsecs. (b), (c). Pub. L. 93 86 substituted "marketing years" for "three marketing years" and "1977" for "1973".

1970-Pub. L. 91 524 divided existing provisions into lettered subsecs. (a) to (e) and, in such subsecs. (a), (b), and (c), continued the wool and mohair program for three years through Dec. 31, 1973, and established an incentive price of 72 cents per pound for shorn wool and 80.2 cents per pound for mohair for each year of the extension.

1968-Pub. L. 90 559 substituted "1970" for "1969".

1965-Pub. L. 89 321 substituted "December 31, 1969" for "March 31, 1966", inserted proviso setting out formula for determining the support price for shorn wool, and struck out sentence providing that if the determined support price does not exceed 90 per centum of the parity price for shorn wool, the support price should be set at a level between 60 and 90 per centum sufficient to encourage an annual production of 360,000,000 pounds.

1961-Pub. L. 87 128 substituted "1966" for "1962".

1958-Pub. L. 85 835 substituted "1962" for "1959".

Effective Date of Repeal

Section 3(a), (b) of Pub. L. 103 130 provided that:

"(a) In General.-Effective December 31, 1995, the National Wool Act of 1954 (7 U.S.C. 1781 et seq.) is repealed.

"(b) Application.-The repeal made by subsection (a) [repealing this chapter and provisions set out as notes under sections 2, 1446, and 1781 of this title] shall apply to both the wool and mohair programs."

Effective Date of 1990 Amendment

Amendment by Pub. L. 101 624 effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101 624, set out as a note under section 1421 of this title.

Effective Date of 1981 Amendment

Amendment by Pub. L. 97 98 effective Dec. 22, 1981, see section 1801 of Pub. L. 97 98, set out as an Effective Date note under section 4301 of this title.

Effective Date of 1977 Amendment

Amendment by Pub. L. 95 113 effective Oct. 1, 1977, see section 1901 of Pub. L. 95 113, set out as a note under section 1307 of this title.

Liability of Producers

Section 5 of Pub. L. 103 130 provided that: "A provision of this Act [amending this section and sections 1783 and 1785 of this title, repealing sections 1781 to 1787 of this title, enacting provisions set out as notes under this section and section 1447 of this title, and repealing provisions set out as notes under sections 2, 1446, and 1781 of this title] may not affect the liability of any person under any provision of law as in effect before the effective date of the provision."