Amendment101st Congress
Amendments allowed the Department of Agriculture to reduce wheat and feed grain loan rates by 10% below the previous year's level (compared with a 5% reduction in the bill), in any of the next five years if the USDA determined a cut was required to keep prices for those commodities competitive on world markets. They also required the USDA to increase the target price for wheat and feed grain if the acreage reduction required of producers was more than 22.5% for wheat and 17.5% for feed grain.
- Amendment Number
- 606
- Description
- Amendments allowed the Department of Agriculture to reduce wheat and feed grain loan rates by 10% below the previous year's level (compared with a 5% reduction in the bill), in any of the next five years if the USDA determined a cut was required to keep prices for those commodities competitive on world markets. They also required the USDA to increase the target price for wheat and feed grain if the acreage reduction required of producers was more than 22.5% for wheat and 17.5% for feed grain.
- Purpose
- An en bloc amendment consisting of amendments to titles 9 and 10 of the bill which would allow USDA to reduce wheat and feed grain loan rates by 10% below the levels of the previous year (compared with a 5% reduction in the bill), in any of the next five years if USDA determines a cut is required to keep prices for those commodities competitive on world markets. The amendment also would require USDA to increase the target price for wheat and feed grain if the acreage reduction required of producers is more than 22.5% (compared with 7.5% reduction in the bill).
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Aug 1, 1990
- Latest Action Text
- On agreeing to the Madigan amendments (A012) Agreed to by voice vote.
- Latest Action Time
- 21:25:43
- Submitted Date
- Jul 25, 1990
- Chamber
- House of Representatives
- Update Date
- Jul 8, 2021