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LegalText 7 U.S.C. § 1421a Financial impact study us united_states_code code_section 7 AGRICULTURE 35A PRICE SUPPORT OF AGRICULTURAL COMMODITIES 1421a 7 U.S.C. § 1421a 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/s1421a data/legal/raw/us/code/title-07/usc07.xml 93defeb30146915ddd0cf5537fe63782288bc4961f0c7d69b16eb80ebee279f5 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 f55343442d79c6fad964f56cab34cd54db37c9d49ba6d4905ad7a20947954148 2026-07-04 official
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7 U.S.C. § 1421a - Financial impact study

Text

(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. 101624, title XI, § 1147, Nov. 28, 1990, 104 Stat. 3516.)

Notes

Editorial Notes

References in TextThe Agricultural Act of 1949, referred to in subsec. (a), is act Oct. 31, 1949, ch. 792, 63 Stat. 1051, which is classified principally to this chapter (§ 1421 et seq.). For complete classification of this Act to the Code, see Short Title note set out under section 1421 of this title and Tables.

Codification Section was enacted as part of the Food, Agriculture, Conservation, and Trade Act of 1990, 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.

Statutory Notes and Related Subsidiaries

Effective DateSection effective beginning with 1991 crop of an agricultural commodity, with provision for prior crops, see section 1171 of Pub. L. 101624, set out as a note under section 1421 of this title.