§ 1421b. — Costs of production.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1421b]
TITLE 7--AGRICULTURE
CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1421b. Costs of production
Congress finds that, to improve the accuracy of commodity program
benefit forecasts, the Secretary of Agriculture should designate a
single organization to manage its commodity program forecasting and
establish a quality control program to--
(1) systematically identify the source of forecasting errors;
(2) maintain records of data used for supply and demand
forecasts;
(3) document its forecasting methods; and
(4) correct weaknesses in its various forecasting components.
(Pub. L. 101-624, title XXV, Sec. 2512, Nov. 28, 1990, 104 Stat. 4073;
Pub. L. 104-66, title I, Sec. 1011(b), Dec. 21, 1995, 109 Stat. 709.)
Codification
Section was enacted as part of the Food, Agriculture, Conservation,
and Trade Act of 1990, and not as part of the Agricultural Act of 1949
which is classified principally to this chapter. For complete
classification of the 1949 Act to the Code, see Short Title note set out
under section 1421 of this title and Tables.
Amendments
1995--Pub. L. 104-66 struck out subsec. (a) designation and heading
``Improving accuracy of commodity program budget forecasts'' before
``Congress finds that'', and struck out subsec. (b) ``Return on assets''
which read as follows: ``The Secretary of Agriculture shall annually
publish a report analyzing the return on assets resulting from the
production of upland cotton, rice, wheat, corn, oats, barley, grain
sorghum, soybeans, peanuts, sugar from sugar beets, and raw sugar from
sugar cane. In conducting this analysis, the Secretary shall consider
returns from agricultural price support programs, the effects of
agricultural price support programs on cost of production, the factors
currently used in Department of Agriculture cost of production data,
current value of land, and any other information that he considers
necessary to reflect accurately return on the production of such
crops.''
