7 USC 5624 - Barter of agricultural commodities

U.S Code last checked for updates: Nov 22, 2024

§ 5624.

Barter of agricultural commodities

(a)

In general

(b)

Eligible commodities

Unless otherwise specified, eligible commodities shall include—

(1)

agricultural commodities acquired by the Commodity Credit Corporation through price support operations; and

(2)

agricultural commodities acquired by the Secretary or the Commodity Credit Corporation in the normal course of business and available for disposition.

(c)

Barter by exporters of agricultural commodities

(1)

Purpose

The Secretary or the Commodity Credit Corporation shall encourage exporters of agricultural commodities to barter such commodities for foreign products—

(A)

to acquire such foreign products needed by such exporters; and

(B)

to develop, maintain, or expand foreign markets for United States agricultural exports.

(2)

Eligible activities

(3)

Technical assistance

(d)

Transfer of foreign products to other Government agencies

(e)

Corporation authority not limited

(f)

Prohibited activities

The Secretary or the Commodity Credit Corporation shall take reasonable precautions to prevent the misuse of eligible commodities in a barter or exchange program, including activities that—

(1)

displace or interfere with commercial sales of United States agricultural commodities that otherwise might be made;

(2)

unduly disrupt world prices of agricultural commodities or the normal patterns of commercial trade with recipient countries; or

(3)

permit the resale or transshipment of eligible commodities to countries other than the intended recipient country.

(Pub. L. 95–501, title II, § 204, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3676; amended Pub. L. 102–237, title III, § 320, Dec. 13, 1991, 105 Stat. 1857.)

cite as: 7 USC 5624