§ 1421a. Financial impact study

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(a)Study The Secretary of Agriculture shall conduct an annual study of the financial impact of the support levels established and announced by the Secretary under programs contained in the Agricultural Act of 1949 [7 U.S.C. 1421 et seq.] (hereafter in this section referred to as “programs”), including a study of the effect of the support levels on the ability of producers to meet their financial obligations (with special emphasis on borrowers from the Farmers Home Administration and the Farm Credit System).

(b)Report The Secretary shall annually prepare a report containing the results of the study and submit the report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate, not later than the date of the final announcement for the programs by the Secretary for any 1 year.

(c)Informational purposes The study under this section (including the study of the effect of the support levels on the ability of producers to meet their financial obligations) shall be only for informational purposes and for Congressional oversight and shall not give rise to any cause of action, be a basis for, or be used as evidence in support of, any claim or right of any person, including farmers and borrowers, in any administrative or judicial proceeding.

(Pub. L. 101–624, title XI, § 1147, Nov. 28, 1990, 104 Stat. 3516.)

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Public Law 101–624
To extend and revise agricultural price support and related programs, to provide for agricultural export, resource conservation, farm credit, and agricultural research and related programs, to ensure consumers an abundance of food and fiber at reasonable prices, and for other purposes

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U.S. Code

Price support
§ 1421

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Pub. L. 101–624, title XI, § 1147
104 Stat. 3516
act Oct. 31, 1949, ch. 792
63 Stat. 1051
section 1171 of Pub. L. 101–624

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§ 1421a

Financial impact study

Stat.×1

U.S.C.§ 1421

Pub. L.Pub. L. 101–624, title XI, § 1147

Stat.104 Stat. 3516

Actact Oct. 31, 1949, ch. 792

Stat.63 Stat. 1051

Pub. L.section 1171 of Pub. L. 101–624

Cites 6Cited by 1 across 1 source