Farm "Counter-Cyclical Assistance"

Description:

This report discusses recently approved legislation reauthorizing major farm income
and commodity price support programs through crop year 2007. This legislation
includes new “counter-cyclical assistance” programs for grains, cotton, oilseeds,
peanuts, and milk. The intent of counter-cyclical assistance is to provide more
government support when farm prices and/or incomes decline, and less support when
they improve. In fact, farmers have, for many years, been eligible for various forms of
counter-cyclical assistance. At issue has been the need for, and potential impacts of,
another counter-cyclical program.

Creator(s):
Location(s): United States
Creation Date: May 31, 2002
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Author):
Becker, Geoffrey S

Specialist in Agricultural Policy

Creator (Author):
Womach, Jasper

Specialist in Agricultural Policy

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: May 31, 2002
Coverage:
Place
United States
Description:

This report discusses recently approved legislation reauthorizing major farm income
and commodity price support programs through crop year 2007. This legislation
includes new “counter-cyclical assistance” programs for grains, cotton, oilseeds,
peanuts, and milk. The intent of counter-cyclical assistance is to provide more
government support when farm prices and/or incomes decline, and less support when
they improve. In fact, farmers have, for many years, been eligible for various forms of
counter-cyclical assistance. At issue has been the need for, and potential impacts of,
another counter-cyclical program.

Physical Description:

6 Pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
Resource Type: Report
Format: Text