Dairy Stabilization Act of 1990

Dairy Stabilization Act of 1990 - Amends the Agricultural Act of 1949 to set forth 1991 through 1995 milk price support and adjustment levels.

 
HR 4254 IH
101st CONGRESS
2d Session
 H. R. 4254
To amend the Agricultural Act of 1949 with respect to the level of milk
price support in effect for 1991 through 1995.
IN THE HOUSE OF REPRESENTATIVES
March 13, 1990
Mr. OLIN introduced the following bill; which was referred to the Committee
on Agriculture
A BILL
To amend the Agricultural Act of 1949 with respect to the level of milk
price support in effect for 1991 through 1995.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. SHORT TITLE.
  This Act may be cited as the `Dairy Stabilization Act of 1990'.
SEC. 2. AMENDMENTS TO THE AGRICULTURAL ACT OF 1949.
  Paragraph (1) of section 201(d) of the Agricultural Act of 1949 (7
  U.S.C. 1446(d)(1)) is amended--
  (1) by redesignating paragraphs (2) through (7) as paragraphs (3) through
  (8), respectively, and
  (2) to read as follows:
  `(2)(A) Notwithstanding any other provision of law, during the period
  beginning January 1, 1991, and ending December 31, 1995, the price of milk
  shall be supported as provided in this paragraph.
  `(B) Except as provided in subparagraphs (C), (D), and (E), during the
  period beginning January 1, 1991, and ending December 31, 1991, the price
  of milk shall be supported at a rate equal to $10.10 per hundredweight
  for milk containing 3.67 percent milkfat.
  `(C) If for calendar year 1991, 1992, 1993, 1994, or 1995, the level of
  purchases of milk and the products of milk under this paragraph (less sales
  under section 407 for unrestricted use), as estimated by the Secretary on
  January 1 of such calendar year will contain--
  `(i) in excess of both 260,000,000 pounds of milkfat and 600,000,000 pounds
  of nonfat solids (the amounts contained in 7,000,000,000 pounds of milk); or
  `(ii) more than either 370,000,000 pounds of milkfat or 860,000,000 pounds
  of nonfat solids (the amounts contained in 10,000,000,000 pounds of milk);
the Secretary shall decrease by 50 cents per hundredweight the rate of price
support for milk as in effect on such date.
  `(D) If for calendar year 1991, 1992, 1993, 1994, or 1995 the level of
  purchases of milk and the products of milk under this paragraph (less sales
  under section 407 for unrestricted use), as estimated by the Secretary on
  January 1 of such calendar year will contain less than both 130,000,000
  pounds of milkfat and 300,000,000 pounds of nonfat solids (the amounts
  contained in 3,500,000,000 pounds of milk), the Secretary shall increase
  by 50 cents per hundredweight the rate of price support for milk as in
  effect on such date.
  `(E) If for calendar year 1991, 1992, 1993, 1994, or 1995 the level of
  purchases of milk and the products of milk under this paragraph (less sales
  under section 407 for unrestricted use), as estimated by the Secretary
  on January 1 of such calendar year will contain in excess of either
  440,000,000 pounds of milkfat or 1,030,000,000 pounds of nonfat solids
  (the amounts contained in 12,000,000,000 pounds of milk), the Secretary may
  implement additional production adjustment measures to bring purchases under
  this paragraph below such levels. Such measures may include decreasing,
  by an amount not to exceed 25 cents per hundredweight, the rate of price
  support for milk as in effect on such date and after decreasing such rate
  if required by subparagraph (C).
  `(F) If for calendar year 1991, 1992, 1993, 1994, or 1995--
  `(i) the level of purchases of milk and the products of milk under this
  paragraph (less sales under section 407 for unrestricted use), as estimated
  by the Secretary on January 1 of such calendar year will contain in excess
  of either 260,000,000 pounds of milkfat or 600,000,000 pounds of nonfat
  solids (the amounts contained in 7,000,000,000 pounds of milk); and
  `(ii) the levels of milkfat and nonfat solids contained in such purchases
  are not proportional to those components in whole milk;
the Secretary shall adjust the prices at which the Secretary purchases
milkfat and nonfat solids, to better reflect the relative market values of
those components in milk.
  `(G) The price of milk shall be supported through the purchase of milk
  and the products of milk.'.
SEC. 3. EFFECTIVE DATE.
  This Act and the amendments made by this Act shall take effect on January
  1, 1991.