7 USC 1741 – Maximum and minimum quantities for set-aside; “commodity set-aside” defined
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The Commodity Credit Corporation shall, as rapidly as the Secretary of Agriculture shall determine to be practicable, set aside within its inventories not more than the following maximum quantities and not less than the following minimum quantities of agricultural commodities or products thereof heretofore or hereafter acquired by it from 1954 and prior years’ crops and production in connection with its price support operations:
| Commodity | Maximum quantity | Minimum quantity |
|---|---|---|
| Wheat (bushels) | 500,000,000 | 400,000,000 |
| Upland cotton (bales) | 4,000,000 | 3,000,000 |
| Cottonseed oil (pounds) | 500,000,000 | 0 |
| Butter (pounds) | 200,000,000 | 0 |
| Nonfat dry milk solids (pounds) | 300,000,000 | 0 |
| Cheese (pounds) | 150,000,000 | 0 |
Terms Used In 7 USC 1741
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Such quantities shall be known as the “commodity set-aside”.