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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 7960 Repeal of superseded price support authority and effect of repeal us united_states_code code_section 7 AGRICULTURE 106 COMMODITY PROGRAMS 7960 7 U.S.C. § 7960 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s7960 data/legal/raw/us/code/title-07/usc07.xml 6419eeeaaa849768beb3944dc575d9a00a64a84028dd3ff8f2b6696cc7194ca0 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 45c585a140f9c6eb5259cdf140349b6bfa6abbbed3206d47f65ce745d87b3073 2026-07-04 official
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7 U.S.C. § 7960 - Repeal of superseded price support authority and effect of repeal

Text

(a) Omitted

(b) Disposal Notwithstanding any other provision of law or previous declaration made by the Secretary, the Secretary shall ensure that the disposal of all peanuts for which a loan for the 2001 crop of peanuts was made under section 7271 of this title before May 13, 2002, is carried out in a manner that prevents price disruptions in the domestic and international markets for peanuts.

(c) Treatment of crop insurance policies for 2002 crop year (1) Applicability This subsection shall apply for the 2002 crop year only notwithstanding any other provision of law or crop insurance policy.

(2) Price election The nonquota price election for segregation I, II, and III peanuts shall be 17.75 cents per pound and shall be used for all aspects of the policy relating to the calculations of premium, liability, and indemnities.

(3) Quality adjustment For the purposes of quality adjustment only, the average support price per pound of peanuts shall be a price equal to 17.75 cents per pound. Quality under the crop insurance policy for peanuts shall be adjusted under procedures issued by the Federal Crop Insurance Corporation.

(Pub. L. 107171, title I, § 1310, May 13, 2002, 116 Stat. 182.)

Notes

Editorial Notes

Codification Section is comprised of section 1310 of Pub. L. 107171. Subsec. (a) of section 1310 of Pub. L. 107171 amended sections 1428 and 1441 of this title and repealed 7271 of this title.