[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 569 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 569

   To amend the Agricultural Act of 1949 to improve the farmer owned 
                reserve program, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               March 11 (legislative day, March 3), 1993

  Mr. Kerrey (for himself, Mr. Durenberger, Mr. Pryor, Mr. Exon, Mr. 
 Daschle, Mr. Harkin, Mr. Conrad, Mr. Wellstone, Mr. Grassley, and Mr. 
    Dorgan) introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
   To amend the Agricultural Act of 1949 to improve the farmer owned 
                reserve program, and for other purposes.

    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 ``Farmer Owned Reserve Improvements 
Act of 1993''.

SEC. 2. FARMER OWNED RESERVE PROGRAM.

    (a) Original Loans.--Paragraph (1) of section 110(b) of the 
Agricultural Act of 1949 (7 U.S.C. 1445e(b)(1)) is amended to read as 
follows:
            ``(1) Price support loans.--In carrying out this program, 
        the Secretary may provide original or extended price support 
        loans for wheat and feed grains. Subject to paragraphs (2) and 
        (3) of subsection (g), producers may enter wheat or feed grains 
        into the program when an original loan is granted or before the 
        expiration of the original loan.''.
    (b) Time of Announcement.--Paragraph (1) of section 110(g) of such 
Act is amended to read as follows:
            ``(1) Time of announcement.--The Secretary may announce the 
        terms and conditions, and any subsequent revisions, of the 
        producer storage program for a crop of wheat and feed grains at 
        any time.''.
    (c) Discretionary Entry.--Section 110(g)(2) of such Act is 
amended--
            (1) in subparagraph (A)--
                    (A) by striking ``, respectively, for the 90-day 
                period prior to the dates specified in paragraph (1)''; 
                and
                    (B) by striking ``or'' at the end;
            (2) in subparagraph (B)--
                    (A) by striking ``as of the appropriate date 
                specified in paragraph (1),''; and
                    (B) by striking the period at the end and inserting 
                ``; or''; and
            (3) by adding at the end the following new subparagraph:
                    ``(C) the Secretary determines that unforeseen 
                market conditions warrant the entry of wheat or feed 
                grains into the program established under this 
                section.''.
    (d) Discretionary Exit.--Section 110(h) of such Act is amended by 
striking ``a loan extended'' and inserting ``an original or extended 
loan''.
    (e) Regulations.--Section 110(n) of such Act is amended by 
inserting before the period at the end the following: ``and each 
amendment to this section not later than 60 days after the date of 
enactment of the Act making the amendment''.
    (f) Crops.--Section 110(p) of such Act is amended by inserting 
before the period at the end the following: ``and each amendment to 
this section shall become effective on the date of enactment of the Act 
making the amendment''.

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