In the fulfillment of its purposes and in carrying out its annual budget programs
submitted to and approved by the Congress pursuant to chapter 91 of Title 31, the
Corporation is authorized to use its general powers only to--
(a) Support the prices of agricultural commodities (other than tobacco) through loans,
purchases, payments, and other operations.
(b) Make available materials and facilities required in connection with the production
and marketing of agricultural commodities (other than tobacco).
(c) Procure agricultural commodities (other than tobacco) for sale to other Government
agencies, foreign governments, and domestic, foreign, or international relief or rehabilitation
agencies, and to meet domestic requirements.
(d) Remove and dispose of or aid in the removal or disposition of surplus agricultural
commodities (other than tobacco).
(e) Increase the domestic consumption of agricultural commodities (other than tobacco)
by expanding or aiding in the expansion of domestic markets or by developing or aiding
in the development of new and additional markets, marketing facilities, and uses for
(f) Export or cause to be exported, or aid in the development of foreign markets for,
agricultural commodities (other than tobacco) (including fish and fish products, without
regard to whether such fish are harvested in aquacultural operations).
(g) Carry out conservation or environmental programs authorized by law.
(h) Carry out such other operations as the Congress may specifically authorize or provide
In the Corporation's purchasing and selling operations with respect to agricultural
commodities (other than tobacco) (except sales to other Government agencies), and
in the warehousing, transporting, processing, or handling of agricultural commodities
(other than tobacco), the Corporation shall, to the maximum extent practicable consistent
with the fulfillment of the Corporation's purposes and the effective and efficient
conduct of its business, utilize the usual and customary channels, facilities, and
arrangements of trade and commerce (including, at the option of the Corporation, the
use of private sector entities).
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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