Summary: S.1572 — 93rd Congress (1973-1974)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed Senate amended (04/18/1973)

(LATEST SUMMARY)

Provides that notwithstanding any other provision of law, the payment rate for corn to producers participating in the 1973 feed grain program under the option B part of the program (for partial compliance) shall be increased to such rate as, together with the national average market price received by farmers for corn during the first five months of the marketing year for the crop, the Secretary determines will be equal to (A) $1.35 per bushel, or (B) 70 percent of the parity price of corn as of the beginning of the marketing year, whichever is the greater. States that the payment rates for grain sorghums and barley shall be such rates, respectively, as the Secretary determines fair and reasonable in relation to the rate at which payments are made available for corn. Provides that such payments shall be made available on 50 percent of the feed grain base for the farm as provided in the Agriculture Act.