In United States federal agricultural policy, the term commodity programs is usually meant to include the commodity price and income support programs administered by the
Farm Service Agency and financed by the
Commodity Credit Corporation (CCC). The commodities now receiving support are:
#those receiving
Direct and Counter-cyclical Program (DCP) payments, specifically wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans and other oilseeds, and peanuts;
#those eligible for nonrecourse
marketing assistance loans Marketing assistance loans are nonrecourse loans made available to producers of loan commodities (wheat, corn, grain sorghum, barley oats, upland and extra-long staple (ELS) cotton, rice, soybeans, other oilseeds, honey, wool, mohair, dry peas, lent ...
, which includes the previous mentioned commodities plus wool, mohair, honey, dry peas, lentils, and small chickpeas; and
#those having other unique support, including sugar, and milk.
A broader phrase that includes these commodity programs and other assistance is
farm program
A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production. The name is used f ...
s.
See also
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Target price Target price may mean:
*A stock valuation
In financial markets, stock valuation is the method of calculating theoretical values of companies and their stocks. The main use of these methods is to predict future market prices, or more generally, pot ...
*
Loan commodity Under the 2002 farm bill (P.L. 101-171, Sec. 1201-1205), the following commodities are eligible for marketing assistance loans and are called loan commodities: wheat, corn, grain sorghum, barley oats, upland cotton, extra long staple (ELS) cotto ...
References
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{{DEFAULTSORT:Commodity Programs
Agricultural subsidies