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Incentive Payments
The incentive payments are direct payments made under the National Wool Act (P.L. 83-690, Title VII) to producers of wool and mohair, which were similar to deficiency payments made to producers of grains and cotton. The incentive payment rate was the percentage needed to bring the national average return to producers (the market price plus the incentive payment) up to the annually set national support price. Each producer's direct payment was the payment rate times the market receipts. Producers with higher market receipts got larger support payments. This created an incentive to increase output and to improve quality. The wool and mohair commodity programs ended after the 1995 marketing year as required by P.L. 103-130. The 2002 farm bill (P.L. 107-171, Sec. 1201) made wool and mohair eligible for marketing assistance loans and loan deficiency payments. For conservation programs, incentive payments refer to cost-sharing payments that producers may receive to attract parti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Wool Act
The National Wool Act of 1954 (Title VII of Agricultural Act of 1954 (P.L. 83-690)) provided for a new and permanent price support program for wool and mohair to encourage increased domestic production through incentive payments. Wool and mohair commodity programs were in effect through marketing year A marketing year is a period of one year (or sometimes less), designated for reporting and (or) analysis of production, marketing and disposition of a commodity. (Disposition of an agricultural crop might include such uses as food, animal feed, ind ... 1995, at which time it was terminated under the explicit mandate of P.L. 103–130, Sec. 1. See also * Amendments to the National Wool Act References * 1954 in American law United States federal agriculture legislation 83rd United States Congress Wool trade {{US-fed-statute-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deficiency Payments
In the United States, deficiency payments are direct government payments made to farmers who participated in annual commodity programs for wheat, feed grains, rice, or cotton, prior to 1996. *The crop-specific deficiency payment rate was based on the difference between the legislatively set target price and the lower national average market price during a specified time. *The total payment was equal to the payment rate multiplied by a farm's eligible payment acreage and the program payment yield established for the particular farm. In the latter years of the program, farmers could receive up to one-half of their projected deficiency payments at program signup. If actual deficiency payments, which were determined after the crop year, were less than advance deficiency payments, the farmer was required to reimburse the government for the difference, except for zero, 50/85-92 payments. The 1996 farm bill (P.L. 107-171) eliminated deficiency payments and replaced them with production fle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2002 Farm Bill
The Farm Security and Rural Investment Act of 2002, also known as the 2002 Farm Bill, includes ten titles, addressing a great variety of issues related to agriculture, ecology, energy, trade, and nutrition. This act has been superseded by the 2007 U.S. Farm Bill. The act directs approximately 16.5 billion dollars of funding toward agricultural subsidies each year. These subsidies have a dramatic effect on the production of grains, oilseeds, and upland cotton. The specialized nature of the farm bill, as well as the size and timing of the bill, made its passage highly contentious. Debated in the U.S. House of Representatives during the immediate aftermath of the September 11th attacks in 2001, the bill drew criticism from the White House and was nearly amended. The amendment, which failed by a close margin, was proposed by Rep. Ron Kind (D-WI) and would have shifted money away from grain subsidies to conservation measures. Public debate over the farm bill continued, and the Sena ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Agriculture
The United States Department of Agriculture (USDA) is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works to end hunger in the United States and internationally. It is headed by the Secretary of Agriculture, who reports directly to the President of the United States and is a member of the president's Cabinet. The current secretary is Tom Vilsack, who has served since February 24, 2021. Approximately 80% of the USDA's $141 billion budget goes to the Food and Nutrition Service (FNS) program. The largest component of the FNS budget is the Supplemental Nutrition Assistance Program (formerly known as the Food Stamp program), which is the cornerstone of USD ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |