[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5154 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5154

To amend the Agricultural Act of 1949 to temporarily suspend operation 
 of the precondition on the provision of extended price support loans 
            for corn under the farmer owned reserve program.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 30, 1994

  Mr. Minge introduced the following bill; which was referred to the 
                        Committee on Agriculture

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                                 A BILL


 
To amend the Agricultural Act of 1949 to temporarily suspend operation 
 of the precondition on the provision of extended price support loans 
            for corn under the farmer owned reserve program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AVAILABILITY OF EXTENDED PRICE SUPPORT LOANS FOR THE 1994 
              CORN CROP UNDER THE FARMER OWNED RESERVE PROGRAM.

    (a) Availability.--Subsection (b)(1) of section 110 of the 
Agricultural Act of 1949 (7 U.S.C. 1445e) is amended by adding at the 
end the following new sentence: ``Notwithstanding the preceding 
sentence, the Secretary shall permit producers of corn to be marketed 
during the marketing year beginning on September 1, 1994, and ending on 
August 31, 1995, to select an extended loan under this section as an 
alternative to an original loan for the crop under section 105B.''.
    (b) Storage Payments.--Subsection (d)(2) of such section is amended 
by adding at the end the following new sentence: ``In the case of 
producers referred to in the third sentence of subsection (b)(1), 
storage payments shall be made at the time the crop is placed in 
storage to cover the anticipated storage period.''.
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