7 U.S.C. § 1421a : US Code - Section 1421A: Financial impact study

Search 7 U.S.C. § 1421a : US Code - Section 1421A: Financial impact study

(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.