A bill to adjust target prices, loan and purchase levels on the 1975 crops of upland cotton, corn, wheat, and soybeans, to provide price support for milk at 85 percent of parity with quarterly adjustments for the period ending March 31, 1976.

Provides for an adjustment of the target prices, loan and purchase levels on the 1975 crops of upland cotton, corn, wheat, and soybeans. Establishes the price support for milk at 85 percent of parity with quarterly adjustments for the period ending March 31, 1976. Requires the Secretary of Agriculture to adjust the support price quarterly to reflect changes in the prices paid by farmers for production items, interest, taxes, and wage rates.