# 7 U.S.C. § 1301: Definitions

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t7_s1301

## Section

- **Citation:** 7 U.S.C. § 1301
- **Heading:** Definitions
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 9, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—AGRICULTURE > CHAPTER 35—AGRICULTURAL ADJUSTMENT ACT OF 1938 > SUBCHAPTER II—LOANS, PARITY PAYMENTS, CONSUMER SAFEGUARDS, MARKETING QUOTAS, AND MARKETING CERTIFICATES > Part A—Definitions, Loans, Parity Payments, and Consumer Safeguards

## Text

The “parity price” for any agricultural commodity, as of any date, shall be determined by multiplying the adjusted base price of such commodity as of such date by the parity index as of such date.

( Feb. 16, 1938, ch. 30 , title III, § 301, 52 Stat. 38 ; Apr. 7, 1938, ch. 107 , §§ 2–4, 52 Stat. 202 ; June 13, 1940, ch. 360, § 1 , 54 Stat. 392 ; July 2, 1940, ch. 521 , §§ 3–5, 54 Stat. 727 , 728; Nov. 22, 1940, ch. 914 , §§ 1, 3, 4, 54 Stat. 1209 , 1210; Nov. 25, 1940, ch. 917 , 54 Stat. 1211 ; Apr. 3, 1941, ch. 39 , §§ 2, 3, 55 Stat. 91 , 92; July 9, 1942, ch. 497, § 1(4) , (5), 56 Stat. 654 ; July 3, 1948, ch. 827 , title II, § 201(a), (b), (d), (e), 62 Stat. 1250 ; Aug. 29, 1949, ch. 518, § 2(a) , 63 Stat. 675 ; Oct. 31, 1949, ch. 792 , title IV, §§ 409(a)–(d), 415(c)–(e), 418(b), (c), 63 Stat. 1056–1058 , 1062; July 8, 1952, ch. 587 , 66 Stat. 442 ; July 17, 1952, ch. 933, § 1 , 66 Stat. 758 ; July 14, 1953, ch. 194, § 6 , 67 Stat. 152 ; Aug. 28, 1954, ch. 1041 , title III, §§ 301, 302, 68 Stat. 902 ; May 28, 1956, ch. 327 , title V, § 502, title VI, § 602, 70 Stat. 212 , 213; Pub. L. 85–92, § 1 , July 10, 1957 , 71 Stat. 284 ; Pub. L. 87–703, title III, § 320 , Sept. 27, 1962 , 76 Stat. 625 ; Pub. L. 88–297, title I, § 106(5) –(7), Apr. 11, 1964 , 78 Stat. 177 ; Pub. L. 89–321, title IV, § 403 , title V, §§ 509, 511(a), Nov. 3, 1965 , 79 Stat. 1197 , 1204, 1205; Pub. L. 91–524, title IV, § 405(b) , Nov. 30, 1970 , as added Pub. L. 93–86, § 1(12)(a) , Aug. 10, 1973 , 87 Stat. 229 ; Pub. L. 94–61, § 1 , July 25, 1975 , 89 Stat. 302 ; Pub. L. 97–218, title III, § 303(a) , July 20, 1982 , 96 Stat. 211 ; Pub. L. 99–198, title X, § 1020 , Dec. 23, 1985 , 99 Stat. 1459 ; Pub. L. 99–272, title I, § 1103(a) , Apr. 7, 1986 , 100 Stat. 85 ; Pub. L. 107–171, title I, § 1610 , May 13, 2002 , 116 Stat. 218 ; Pub. L. 108–357, title VI, § 611(f) , Oct. 22, 2004 , 118 Stat. 1522 .)

## Nearby sections

- [7 U.S.C. § 1301 Definitions](https://www.frixlaw.com/law-library/statutes/usc_t7_s1301.md)
- [7 U.S.C. § 1301a References to parity prices, etc., in other laws after January 1, 1950](https://www.frixlaw.com/law-library/statutes/usc_t7_s1301a.md)
- [7 U.S.C. § 1301b Repealed. Pub. L. 85–835, title I, § 108 , Aug. 28, 1958 , 72 Stat. 993](https://www.frixlaw.com/law-library/statutes/usc_t7_s1301b.md)
- [7 U.S.C. § 1302 Repealed. Oct. 31, 1949, ch. 792 , title IV, § 414, 63 Stat. 1057](https://www.frixlaw.com/law-library/statutes/usc_t7_s1302.md)
- [7 U.S.C. § 1303 Parity payments](https://www.frixlaw.com/law-library/statutes/usc_t7_s1303.md)
- [7 U.S.C. § 1304 Consumer safeguards](https://www.frixlaw.com/law-library/statutes/usc_t7_s1304.md)
- [7 U.S.C. § 1305 Transfer of acreage allotments or feed grain bases on public lands upon request of State agencies](https://www.frixlaw.com/law-library/statutes/usc_t7_s1305.md)
- [7 U.S.C. § 1306 Projected yields; determination; base period](https://www.frixlaw.com/law-library/statutes/usc_t7_s1306.md)
- [7 U.S.C. § 1307 Limitation on payments under wheat, feed grains, and cotton programs for 1974 through 1977 crops](https://www.frixlaw.com/law-library/statutes/usc_t7_s1307.md)
- [7 U.S.C. § 1308 Payment limitations](https://www.frixlaw.com/law-library/statutes/usc_t7_s1308.md)
- [7 U.S.C. § 1308–1 Notification of interests; payments limited to active farmers](https://www.frixlaw.com/law-library/statutes/usc_t7_s1308%E2%80%931.md)
- [7 U.S.C. § 1308–2 Denial of program benefits](https://www.frixlaw.com/law-library/statutes/usc_t7_s1308%E2%80%932.md)
- [7 U.S.C. § 1308–3 Foreign persons made ineligible for program benefits](https://www.frixlaw.com/law-library/statutes/usc_t7_s1308%E2%80%933.md)
- [7 U.S.C. § 1308–3a Adjusted gross income limitation](https://www.frixlaw.com/law-library/statutes/usc_t7_s1308%E2%80%933a.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t7_s1301. Check the current official text before relying on it. Not legal advice.