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TeachMeFinance.com - explain Section 32 Section 32 The term 'Section 32 ' as it applies to the area of agriculture can be defined as ' Section 32 of Agricultural Adjustment Act Amendment of 1935 was enacted to widen market outlets for surplus agricultural commodities as one means of strengthening farm prices. Section 32 programs are financed by a permanent appropriation equal to 30% of the import duties collected on all items entering the United States under the customs laws, plus any unused balances up to $300 million. Most funds are annually transferred by appropriators to pay for child nutrition programs, although a portion of money is reserved to buy perishable commodities (mainly produce, meat, and poultry products) that are in surplus. Section 32 funds were used to finance the Cottonseed Oil Assistance Program and Sunflower Oil Assistance Program export subsidy programs, which were effectively terminated by the FAIR Act of 1996'. Previous 5 Terms: Section 15 lands Section 201 Section 22 Section 3 lands Section 301 Next 5 Terms: Section 4 general or basic assistance Section 404 Section 416 Section 502 loans Section 504 loans and grants About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.