Farm "Counter-Cyclical Assistance"

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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.

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6 Pages.

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Becker, Geoffrey S. & Womach, Jasper May 31, 2002.

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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.

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6 Pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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  • May 31, 2002

Added to The UNT Digital Library

  • June 10, 2005, 6:25 p.m.

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  • Feb. 7, 2017, 3:09 p.m.

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Becker, Geoffrey S. & Womach, Jasper. Farm "Counter-Cyclical Assistance", report, May 31, 2002; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs2124/: accessed December 9, 2023), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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