Farm Commodity Programs: Direct Payments, Counter-Cyclical Payments, and Marketing Loans

Description

Commodity support provisions in the Farm Security and Rural Investment Act of 2002 (P.L. 107-171, the 2002 farm bill) include three primary types of payments: (1) annual direct payments unrelated to production or prices, (2) counter-cyclical payments which are triggered when prices are below statutorily-determined target prices, and (3) marketing assistance loans that offer interim financing and, if prices fall below statutorily-determined loan prices, additional income support. This report describes the payments for wheat, feed grains, cotton, rice, oilseeds, peanuts, wool, mohair, honey, and certain other small grains. These commodities have similar rules, and generally account for about two-thirds of ... continued below

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30 Pages.

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Monke, Jim February 10, 2006.

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Description

Commodity support provisions in the Farm Security and Rural Investment Act
of 2002 (P.L. 107-171, the 2002 farm bill) include three primary types of payments:
(1) annual direct payments unrelated to production or prices, (2) counter-cyclical
payments which are triggered when prices are below statutorily-determined target
prices, and (3) marketing assistance loans that offer interim financing and, if prices
fall below statutorily-determined loan prices, additional income support. This report describes the payments for wheat, feed grains, cotton, rice, oilseeds,
peanuts, wool, mohair, honey, and certain other small grains. These commodities
have similar rules, and generally account for about two-thirds of USDA farm
commodity program outlays.

Physical Description

30 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-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • February 10, 2006

Added to The UNT Digital Library

  • March 20, 2006, 10:03 a.m.

Description Last Updated

  • Sept. 15, 2015, 1:47 p.m.

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Monke, Jim. Farm Commodity Programs: Direct Payments, Counter-Cyclical Payments, and Marketing Loans, report, February 10, 2006; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs8481/: accessed June 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.