| To amend the Agricultural
Market Transition Act to require the Secretary of Agriculture to make nonrecourse
marketing assistance loans and loan deficiency payments available to producers...
(Introduced in the Senate)
S 977 IS
107th CONGRESS
1st Session
S. 977
To amend the Agricultural
Market Transition Act to require the Secretary of Agriculture to make nonrecourse
marketing assistance loans and loan deficiency payments available to producers
of dry peas, lentils, and chickpeas.
IN THE SENATE OF THE UNITED
STATES
May 25, 2001
Mr. CRAIG (for himself, Mr.
BURNS, Mr. BAUCUS, Ms. CANTWELL, Mr. CONRAD, Mr. CRAPO, Mr. DASCHLE, Mr.
DORGAN, Mr. JOHNSON, and Mrs. MURRAY) introduced the following bill; which
was read twice and referred to the Committee on Agriculture, Nutrition,
and Forestry
A BILL
To amend the Agricultural
Market Transition Act to require the Secretary of Agriculture to make nonrecourse
marketing assistance loans and loan deficiency payments available to producers
of dry peas, lentils, and chickpeas.
Be it enacted by the
Senate and House of Representatives of the United States of America in
Congress assembled,
SECTION 1. NONRECOURSE MARKETING
ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS FOR DRY PEAS, LENTILS, AND
CHICKPEAS.
(a) DEFINITION OF LOAN COMMODITY-
Section 102(10) of the Agricultural Market Transition Act (7 U.S.C. 7202(10))
is amended by striking `and oilseed' and inserting `oilseed, dry peas,
lentils, and chickpeas'.
(b) AVAILABILITY OF NONRECOURSE
LOANS- Section 131(a) of the Agricultural Market Transition Act (7 U.S.C.
7231(a)) is amended in the first sentence by inserting after `each loan
commodity' the following: `(other than dry peas, lentils, and chickpeas)
and each of the 2001 and 2002 crops of dry peas, lentils, and chickpeas'.
(c) LOAN RATES- Section
132 of the Agricultural Market Transition Act (7 U.S.C. 7232) is amended
by adding at the end the following:
`(g) DRY PEAS, LENTILS,
AND CHICKPEAS- The loan rate for a marketing assistance loan under section
131 for dry peas, lentils, large chickpeas, and small chickpeas shall be--
`(1) not less than 85 percent
of the simple average price received by producers of dry peas, lentils,
large chickpeas, and small chickpeas, individually, as determined by the
Secretary, during the marketing years for the immediately preceding 5 crops
of dry peas, lentils, large chickpeas, and small chickpeas, individually,
excluding the year in which the average price was the highest and the year
in which the average price was the lowest in the period; but
`(A) in the case of dry
peas--
`(i) a loan rate established
by the Secretary, taking into consideration the feed prices of dry peas;
but
`(ii) not less than $5.83
per hundredweight;
`(B) in the case of lentils,
$11.00 per hundredweight;
`(C) in the case of large
chickpeas, $15.00 per hundredweight; and
`(D) in the case of small
chickpeas, $7.00 per hundredweight.'.
(d) REPAYMENT OF LOANS-
Section 134(a) of the Agricultural Market Transition Act (7 U.S.C. 7234(a))
is amended--
(1) by striking `AND OILSEEDS-
' and inserting `OILSEEDS, DRY PEAS, LENTILS, AND CHICKPEAS- '; and
(2) by striking `and oilseeds'
and inserting `oilseeds, dry peas, lentils, and chickpeas'.
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