26 



GENERAL FARM PROGRAM 



CORN 



A. Proclamation of Marketing Quotas 

 19S8 Act 1948 Act 



When. — Total supply (October 1 

 carry-over plus production of current 

 crop) exceeds by more than 10 percent 

 the normal supply (yearly average of 

 domestic consumption and exports dur- 

 ing preceding 10 years plus 7 percent 

 thereof as carry-over allowance). 



Date. — After BAE August production 

 estimate is available and prior to 

 September 15. 



When. — Total supply (October 1 

 carry-over plus current domestic crop 

 plus estimated imports) exceeds by 

 more than 20 percent the normal supply 

 (estimated domestic consumption in 

 marketing year ending in current 

 calendar year and exports for marketing 

 year beginning in current calendar year 

 plus 7 percent of such amounts as carry- 

 over allowance), or total supply for the 

 marketing year ending in the current 

 calendar year is not less than normal 

 supply and the average farm price for 

 corn for three successive months of such 

 marketing year does not exceed 66 per- 

 cent of the parity price. 



Date. — Any time between January 1 

 and November 15 of the calendar j^ear 

 preceding the year in which the crop 

 subject to quotas is produced. 



B. Holding of Referendum and Proclamation of Results 



When. — Within 20 days after the date When. — Same, except that the Secre- 



of proclamation of marketing quotas. If tary is required, prior to the following 



quotas are opposed by more than one- March 10, to proclaim the results of the 



third of the farmers voting, the result of referendum if quotas are disapproved, 

 the referendum is required to be pro- 

 claimed prior to October 10. 



C. Proclamation of Supplies 



Date. — Not later than September 1. 



Findings required. — The total supply, 

 the normal supply, and the reserve sup- 

 ply level (yearly average of domestic 

 consumption and exports during preced- 



Date. — Same. 



Findings required.— Same, except that 

 the proclamation serves no useful pur- 

 pose in view of the 1948 act providing 

 for quotas to become effective prior to 



ing 10 years plus 10 percent thereof) for planting of a crop rather than immedi- 

 the marketing year beginning the fol- ately before harvesting of the crop as 

 lowing October 1. under the 1938 act. 



D. Proclamation of National Acreage Allotment 



Date. — ^Not later than February 1 of Date. — Same, 

 the calendar year for which the national 

 acreage allotment is proclaimed. 



Amount. — Number acres in commer- 

 cial corn-producing area which will pro- 

 duce an amount of corn which, when 



added to corn produced in United States the national allotment 

 outside commercial area, will make 

 available a supply equal to the reserve 

 supply level. 



Amount. — Same, except that imports 

 of corn are required to be taken into 

 account, in determining the amount of 



