Title 7 — Agriculture
Chapter 35A — Price Support of Agricultural Commodities
§ 1441a. Cost of production study and establishment of current national weighted average cost of production
Statutory text
The Secretary of Agriculture, in cooperation with the land grant colleges, commodity organizations, general farm organizations, and individual farmers, shall conduct a cost of production study of the wheat, feed grain, cotton, and dairy commodities under the various production practices and establish a current national weighted average cost of production. This study shall be updated annually and shall include all typical variable costs, including interest costs, a return on fixed costs, and a return for management.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Agricultural Act of 1970
Pub. L. 91–524 title VIII § 808 · 84 Stat. 1358
Enacted · 7 U.S.C. § 1441a
Pub. L. 91–524, title VIII, § 808, as added Pub. L. 93–86, § 1(27)(B), Aug. 10, 1973, 87 Stat. 237
Source evidence
Code source credit
Pub. L. 91–524, title VIII, § 808, as added Pub. L. 93–86, § 1(27)(B), Aug. 10, 1973, 87 Stat. 237Agriculture and Food Act of 1981
Pub. L. 97–98 title XI § 1117 · 95 Stat. 1213
Inserted · 7 U.S.C. § 1441a
Pub. L. 97–98 inserted “including interest costs,” after “variable costs,”
Substituted · 7 U.S.C. § 1441a
Pub. L. 97–98 substituted “, and a return for management” for “equal to the existing interest rates charged by the Federal Land Bank, and return for management comparable to the normal management fees charged by other comparable industries”
Struck · 7 U.S.C. § 1441a
Pub. L. 97–98 struck out provision that these studies be based upon the size unit that requires one man to farm on a full-time basis
Source evidence
Code amendment note
Pub. L. 97–98 inserted “including interest costs,” after “variable costs,”, substituted “, and a return for management” for “equal to the existing interest rates charged by the Federal Land Bank, and return for management comparable to the normal management fees charged by other comparable industries”, and struck out provision that these studies be based upon the size unit that requires one man to farm on a full-time basis.Enacted provision · exact public law section
Sec. 1117. cost of production study Section 808 of the Agricultural Act of 1970 (7 U.S.C. 1441a) is amended by— (1) adding after the phrase “all typical variable costs,” the following: “including interest costs,”; and (2) striking out “equal to the existing interest rates charged by the Federal Land Bank, and return for management comparable to the normal management fees charged by other comparable industries. These studies shall be based upon the size unit that requires one man to farm on a full-time basis.” and inserting in lieu thereof “, and a return for management.”.Effective date note
Amendment by Pub. L. 97–98 effective Dec. 22, 1981, see section 1801 of Pub. L. 97–98, set out as an Effective Date note under section 4301 of this title.
3 of 4 references resolved to an enrolled provision · 1 partial
Editorial Notes
Codification
Section was enacted as part of the Agricultural Act of 1970 as added by the Agriculture and Consumer Protection Act of 1973, and not as part of the Agricultural Act of 1949 which is classified principally to this chapter. For complete classification of the 1949 Act to the Code, see Short Title note set out under section 1421 of this title and Tables.
Amendments
1981—Pub. L. 97–98 inserted “including interest costs,” after “variable costs,”, substituted “, and a return for management” for “equal to the existing interest rates charged by the Federal Land Bank, and return for management comparable to the normal management fees charged by other comparable industries”, and struck out provision that these studies be based upon the size unit that requires one man to farm on a full-time basis.
Statutory Notes and Related Subsidiaries
Effective Date of 1981 Amendment
Amendment by Pub. L. 97–98 effective , see section 1801 of Pub. L. 97–98, set out as an Effective Date note under section 4301 of this title.
Credits
1973–1981 · 2 acts
- 1973Pub. L. 91–524, title VIII, § 808, as added Pub. L. 93–86, § 1(27)(B), , 87 Stat. 237
- 1981amended Pub. L. 97–98, title XI, § 1117, , 95 Stat. 1271.
Show as published
(Pub. L. 91–524, title VIII, § 808, as added Pub. L. 93–86, § 1(27)(B), , 87 Stat. 237; amended Pub. L. 97–98, title XI, § 1117, , 95 Stat. 1271.)