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

Description

This report discusses federal law that has authorized farm income and commodity price support programs for over 70 years.The 2002 farm bill (P.L. 107-171) authorizes the current programs for the 2002-2007 crop years. The payment framework combines direct payments of the 1996 farm bill (P.L. 104-127) with counter-cyclical payments of prior laws. Subsidies continue for wheat, feed grains, upland cotton, and rice, and soybeans and peanuts are added to the list of major crops. Dry peas, lentils, and chickpeas were added to the loan program, and wool, mohair, and honey were reinstated. This report covers grains, cotton, oilseeds, and peanuts. ... continued below

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6 Pages.

Creation Information

Monke, Jim December 13, 2004.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 41 times . More information about this report can be viewed below.

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Description

This report discusses federal law that has authorized farm income and commodity price support programs for over 70 years.The 2002 farm bill (P.L. 107-171) authorizes the current programs
for the 2002-2007 crop years. The payment framework combines direct payments of the
1996 farm bill (P.L. 104-127) with counter-cyclical payments of prior laws. Subsidies
continue for wheat, feed grains, upland cotton, and rice, and soybeans and peanuts are
added to the list of major crops. Dry peas, lentils, and chickpeas were added to the loan
program, and wool, mohair, and honey were reinstated. This report covers grains, cotton, oilseeds, and peanuts.
These commodities have similar rules, and generally account for about two-thirds of CCC
outlays.

Physical Description

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

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  • December 13, 2004

Added to The UNT Digital Library

  • Aug. 10, 2006, 3:18 p.m.

Description Last Updated

  • Sept. 15, 2015, 1:30 p.m.

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Monke, Jim. Farm Commodity Programs: Direct Payments, Counter-Cyclical Payments, and Marketing Loans, report, December 13, 2004; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs9090/: accessed October 19, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.