(a) StudyThe 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) ReportThe 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 purposesThe 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.
Structure US Code
CHAPTER 35A— PRICE SUPPORT OF AGRICULTURAL COMMODITIES
SUBCHAPTER I— GENERAL PROVISIONS
§ 1421a. Financial impact study
§ 1422. Increase of price support levels
§ 1423. Adjustments of support prices
§ 1424. Utilization of services and facilities of Commodity Credit Corporation
§ 1425. Producer rights and liabilities
§ 1425a. Producers of honey; loan obligations and liabilities
§ 1427. Commodity Credit Corporation sales price restrictions
§ 1427–1. Quality requirements for Commodity Credit Corporation owned grain
§ 1427a. Reserve inventories for alleviation of distress of natural disaster
§ 1429. Determinations of Secretary as final and conclusive
§ 1431. Disposition of commodities to prevent waste
§ 1431a. Cotton donations to educational institutions
§ 1431b. Distribution of surplus commodities to other United States areas
§ 1431d. Donations for school feeding programs abroad; student financing; priorities
§ 1431f. Assistance to foreign countries to mitigate effects of HIV and AIDS
§ 1432. Extension of price support on long staple cotton seeds and products
§ 1433a. Forgiveness of violations; determinations
§ 1433c. Advance recourse commodity loans