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U.S. Code as of:
01/19/04
Section 1141. Declaration of policy; effective merchandising of agricultural commodities; speculation; cooperative marketing; surpluses; administration of chapter
(a) It is declared to be the policy of Congress to promote the
effective merchandising of agricultural commodities in interstate
and foreign commerce so that the industry of agriculture will be
placed on a basis of economic equality with other industries, and
to that end to protect, control, and stabilize the currents of
interstate and foreign commerce in the marketing of agricultural
commodities and their food products -
(1) by minimizing speculation.
(2) by preventing inefficient and wasteful methods of
distribution.
(3) by encouraging the organization of producers into effective
associations or corporations under their own control for greater
unity of effort in marketing and by promoting the establishment
and financing of a farm marketing system of producer-owned and
producer-controlled cooperative associations and other agencies.
(4) by aiding in preventing and controlling surpluses in any
agricultural commodity, through orderly production and
distribution, so as to maintain advantageous domestic markets and
prevent such surpluses from causing undue and excessive
fluctuations or depressions in prices for the commodity.
(b) There shall be considered as a surplus for the purposes of
this chapter any seasonal or year's total surplus, produced in the
United States and either local or national in extent, that is in
excess of the requirements for the orderly distribution of the
agricultural commodity or is in excess of the domestic requirements
for such commodity.
(c) The Farm Credit Administration shall execute the powers
vested in it by this chapter only in such manner as will, in the
judgment of the administration, aid to the fullest practicable
extent in carrying out the policy above declared.
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