(1) Formulate, pursuant to the standards therefor set forth in section 7(a) of the Act of Congress, agricultural plans for this State for each calendar year, and from time to time make such revisions in the agricultural plans as may be necessary to conform to such standards;

(2) Utilize, in formulating and revising the agricultural plans, the assistance of the agricultural extension service and the agricultural experiment station;

(3) Designate in such agricultural plans the board of regents, University of Hawaii, as the agency of this State to administer the agricultural plans;

(4) Submit the agricultural plans to the Secretary of Agriculture of the United States, prior to such time and in such manner and form as the Secretary may prescribe;

(5) Receive on behalf of the State any grants made pursuant to section 7 of the Soil Conservation and Domestic Allotment Act, and utilize and expend the grants in accordance with such agricultural plans as may have been approved by the Secretary of Agriculture;

(6) Make provision for establishment of state, county, and community committees or associations of agricultural producers, organized for such purpose, and for participation by them in the administration of the agricultural plans;

(7) Employ such personal services and incur such other expenses as it finds necessary for the efficient exercise of its powers and duties under this section;

(8) Utilize in the administration of the provisions hereof available services and assistance of other agencies of this State and of the agricultural extension service and the agricultural experiment station of the University of Hawaii;

(9) Delegate to committees, associations, individuals, corporations, or other agencies of this State, such functions in carrying out sections 304-73 to 304-75 as it deems suitable, and exercise all other powers and authorities and do any and all other things which it may deem necessary or proper to the performance of its duties and functions hereunder;

(10) Provide for the submission to the Secretary of Agriculture of such reports as may be deemed requisite, including such reports as may be required to ascertain whether the agricultural plans are being carried out according to their terms;

(11) Prescribe such rules and regulations as may be necessary or expedient for the effective administration of the agricultural plans, and assure the correctness of and make possible the verification of such reports as may be required by the terms of the agricultural plans;

(12) Submit to the governor of the State an annual report for each year covering the administration and operation of such program.