Findley Payments

	Findley Payments Findley payments — Under the so-called Findley Provision authorized by the Food Security Act of 1985, P.L. 99-198, (and first sponsored by former Illinois Representative Paul Findley), USDA was able to reduce the basic, formula-set nonrecourse loan rate for major crops by up to an additional 20% if that was necessary to keep the United States competitive in international markets. If done, direct compensatory payments were made to producers equal to the amount of the loan rate reduction. These Findley Payments, limited to $200,000 per person, essentially added to the larger direct deficiency payment. The Findley provisions were superseded by the marketing loan repayment provisions of the 1996 farm bill The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies ... (P.L. 104-127). References {{ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Food Security Act Of 1985 The Food Security Act of 1985 (P.L. 99–198, also known as the 1985 U.S. Farm Bill), a five-year omnibus farm bill, allowed lower commodity price, income supports, and established a dairy herd buyout program. This 1985 farm bill made changes in a variety of other USDA programs. Several enduring conservation programs were created, including sodbuster, swampbuster, and the Conservation Reserve Program. Summary The Food Security Act of 1985 was passed by the United States Congress on December 18, 1985, and signed by the President Ronald Reagan on December 23, 1985. This was the first farm bill with a specific title devoted to conservation programs and policies. The 1985 Farm Bill included the Conservation Reserve Program (CRP) in its current form and operation, but most notably it included conservation compliance requirements: to be eligible for commodity subsidies farmers had to comply with provisions known as swampbuster (addressing the draining of wetlands), sodbuster (address ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Paul Findley Paul Augustus Findley (June 23, 1921 – August 9, 2019) was an American writer and politician. He served as United States Representative from Illinois, representing its 20th District. A Republican, he was first elected in 1960. A moderate Republican for most of his long political career, Findley was a supporter of civil rights and an early opponent of the U.S. war in Vietnam. He co-authored the War Powers Act in 1973, which aims to limit the ability of the president to go to war without congressional authorization. Findley lost his seat in 1982 to current United States Senator Dick Durbin. He was a cofounder of the Council for the National Interest, a Washington, D.C. advocacy group, and was a vocal critic of American policy towards Israel. Early life Findley was born in Jacksonville, Illinois, the son of Florence Mary (Nichols) and Joseph S. Findley. He attended the Jacksonville public schools. He received his bachelor's degree from Illinois College, which is currently home ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	1996 Farm Bill The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases. The law removed the link between income support payments and farm prices. It authorized 7-year production flexibility contract payments that provided participating producers with fixed government payments independent of current farm prices and production. The law specified the total amount of money to be made available through contract payments under production flexibility contracts for each fiscal year from 1996 through 2002. Payment levels were allocated among contract commodities according to specified percentages, generally derived from each commodity’s share of projected deficiency payments for fiscal 1996-2002. The law inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]