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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. § 1421b Costs of production us united_states_code code_section 7 AGRICULTURE 35A PRICE SUPPORT OF AGRICULTURAL COMMODITIES 1421b 7 U.S.C. § 1421b 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/s1421b data/legal/raw/us/code/title-07/usc07.xml 640ecc1adcf77152e7abb391a521e8c3e1a2ae62a405657d709f42e5f0ef1c3b 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 8ec643d746234ff5fe97786f63070256dcaf68b29c620f27d2f70e159edc1dda 2026-07-04 official
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7 U.S.C. § 1421b - Costs of production

Text

Congress finds that, to improve the accuracy of commodity program benefit forecasts, the Secretary of Agriculture should designate a single organization to manage its commodity program forecasting and establish a quality control program to—

(1) systematically identify the source of forecasting errors;

(2) maintain records of data used for supply and demand forecasts;

(3) document its forecasting methods; and

(4) correct weaknesses in its various forecasting components.

(Pub. L. 101624, title XXV, § 2512, Nov. 28, 1990, 104 Stat. 4073; Pub. L. 10466, title I, § 1011(b), Dec. 21, 1995, 109 Stat. 709.)

Notes

Editorial Notes

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.

Amendments1995—Pub. L. 10466 struck out subsec. (a) designation and heading “Improving accuracy of commodity program budget forecasts” before “Congress finds that”, and struck out subsec. (b) “Return on assets” which read as follows: “The Secretary of Agriculture shall annually publish a report analyzing the return on assets resulting from the production of upland cotton, rice, wheat, corn, oats, barley, grain sorghum, soybeans, peanuts, sugar from sugar beets, and raw sugar from sugar cane. In conducting this analysis, the Secretary shall consider returns from agricultural price support programs, the effects of agricultural price support programs on cost of production, the factors currently used in Department of Agriculture cost of production data, current value of land, and any other information that he considers necessary to reflect accurately return on the production of such crops.”