Page:United States Statutes at Large Volume 104 Part 2.djvu/411

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PUBLIC LAW 101-508—NOV. 5, 1990 104 STAT. 1388-3 SEC. 1104. ACREAGE REDUCTION PROGRAMS FOR 1992 THROUGH 1995 7 USC 1445-3a CROPS. no*«- (a) IN GENERAL.— Notwithstanding any other provision of law, except as provided in subsections 03) and (c), the Secretary of Agriculture shall announce an acreage limitation program for each of the 1992 through 1995 crops of— (1) wheat under which the acreage planted to wheat for harvest on a farm would be limited to the wheat crop acreage base for the farm for the crop reduced by— (A) in the case of the 1992 crop of wheat, not less than 6 percent; (B) in the case of the 1993 crop of wheat, not less than 5 percent; (C) in the case of the 1994 crop of wheat, not less than 7 percent; and (D) in the case of the 1995 crop of wheat, not less than 5 percent; and (2) corn, grain sorghum, and barley under which the acreage planted to the respective feed grain for harvest on a farm would be limited to the respective feed grain crop acreage base for the farm for the crop reduced by not less than 7 ¥2 percent. (b) STOCKS-TO-USE RATIO. —Subsection (a) shall not apply to a crop if the Secretary estimates for such crop that the stocks-to-use ratio will be less than— (1) in the case of wheat, 34 percent; and (2) in the case of corn, grain sorghum, and barley, 20 percent. (c) TERMINATION. — If the Secretary determines that the quantity of soybeans on hand in the United States on the first day of the marketing year for the 1991 crop of soybeans (not including any quantity of soybeans of the 1991 crop) will be less than 325,000,000 bushels, subsection (a) shall not apply to any of the 1992 through 1995 crops of wheat and feed grains. SEC. 1105. LOAN ORIGINATION FEES AND OTHER SAVINGS. (a) OILSEEDS. — Section 205 of the Agricultural Act of 1949 (as 7 USC 1446f. added by section 701(2) of the Food, Agriculture, Conservation, and Trade Act of 1990) is amended— (1) by redesignating subsection (m) as subsection (n); and (2) by inserting after subsection (1) the following new subsection: " (m) LOAN ORIGINATION FEE. — "(1) LOANS.— The Secretary shall charge a producer a loan origination fee for a crop of oilseeds, in connection with making a loan, equal to the product obtained by multiplying— "(A) the loan level determined for the crop under subsection (c); by "(B) 2 percent; by "(C) the quantity of oilseeds for which the producer obtains the loan. "(2) LOAN DEFICIENCY PAYMENTS. —The Secretary shall deduct, from the amount of any loan deficiency payment made under subsection (e), an amount equal to the amount of the loan origination fee that would otherwise be paid under paragraph (1) if the producer obtained a loan rather a loan deficiency payment. ". (b) PEANUTS.—