PUBLIC LAW 100-45—MAY 27, 1987 MARKETING LOAN REPORT
101 STAT. 325 ,.i / »
SEC. 14. If marketing loan programs are not established for the 1987 crops of wheat, feed grains, and soybeans under sections 107D(a)(5), 105C(a)(4), and 201(i)(3) of the Agricultural Act of 1949 (7 U.S.C. 1445b-3(a)(5), 1444e(a)(4), and 1446(i)(3)) before the date of enactment of this Act, the Secretary of Agriculture, no later than July 1, 1987, shall submit to the Committee on Agriculture of the House of Representatives and to the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that contains— (Da statement of the reasons for not establishing marketing loan programs for the 1987 crops of wheat, feed grains, and soybeans; (2) a comparison o— f (A) the cost of the price support and production control programs for the 1987 crops of wheat, feed grains, and <^ soybeans; and (B) the cost of such programs if such marketing loan programs were established;
- ' " (3) a n analysis of the effectiveness of the existing marketing
loan programs for cotton and rice; (4) a comparison of— (A) the effectiveness of the c u r r e n t marketing loan programs for cotton and rice; and (B) the effectiveness of m a r k e t i n g loan programs that • ^ could be established by the Secretary for wheat, feed grains, and soybeans; (5) a n analysis of w h e the r the generic certificate program established by the Secretary produces the same effect on the price of exported grain a s would be achieved by establishing m a r k e t i n g loan programs; and (6) a n analysis of the effect a soybean marketing loan program would have on the m a r k e t s for sunflower and other oil seeds, situations in which a sunflower marketing loan program would be appropriate, and how such program would operate in conjunction with m a r k e t i n g loan programs for other commodities. '
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SUNFLOWER PRICE SUPPORT PROGRAM
SEC. 15. (a) Effective for the 1987 through 1990 crops of sunflowers, section 201 of the Agricultural Act of 1949 (7 U.S.C. 1446) is amended by CD in the first sentence, inserting "sunflower seeds," after "soybeans,"; and (2) adding a t the e n d thereof the following new subsection: "(1)(1) The Secretary may support the price of sunflower seeds Loans, through loans and purchases for each of the 1987 through 1990 crops of sunflowers a t such level a s the Secretary determines will t a k e into account the historical price relationship between sunflower seeds and soybeans, the prevailing loan level for soybeans, and the historical oil content of sunflower seeds and soybeans, except that the level of loans and purchases may not be less than 8¥2 cents p e r .;H I: oeu v pound of sunflower seeds. "(2)(A) The Secretary may permit a producer to repay a loan m a d e under paragraph (1) for a crop a t a level that is the lesser of—
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