USDA WOULD SCRAP COTTON, RICE, BEAN PRICE FLOORSThe package of proposed farm policychanges that the Reagan administration sent to Congress todayincludes a provision that would eliminate minimum price supportlevels for upland cotton, rice and soybeans.The package, obtained by Reuters, also includes aprovision, outlined in advance by USDA officials, that wouldincrease the annual permissible cut in the basic price supportlevels for all major crops to 10 pct from five pct.Under current law, the basic support prices for uplandcotton, rice and soybeans between 1987 and 1990 cannot be cutbelow 50 cents per lb, 6.50 dlrs per hundredweight and 4.50dlrs per bushel, respectively.USDA's intention to propose scrapping price floors forcotton, rice and soybeans had not been disclosed previously.