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Agriculture And Consumer Protection Act Of 1973
The Agriculture and Consumer Protection Act of 1973 (P.L. 93-86, also known as the 1973 U.S. Farm Bill) was the 4-year farm bill that adopted target prices and deficiency payments as a tool that would support farm income but reduce forfeitures to the Commodity Credit Corporation (CCC) of surplus stocks. (Target prices were eliminated by the 1996 farm bill (P.L. 104-127), but restored by the 2002 farm bill (P.L. 101-171, Sec. 1104).) It reduced payment limitations to $20,000 (from $55,000 set in 1970) for all program crops. The Act might be considered the first omnibus farm bill because it went beyond simply authorizing farm commodity programs. It authorized disaster payments and disaster reserve inventories; created the Rural Environmental Conservation Program; amended the Food Stamp Act of 1964 (P.L. 88-525), authorized the use of commodities for feeding low income mothers and young children (the origin of the Commodity Supplemental Food Program The Commodity Supplement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Credit Corporation
The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806)). The CCC is authorized to buy, sell, lend, make payments, and engage in other activities for the purpose of increasing production, stabilizing prices, assuring adequate supplies, and facilitating the efficient marketing of agricultural commodities. The CCC, which has no staff, is essentially a financing institution for the USDA's farm price and income support commodity programs, commodity export credit guarantees, and agricultural export subsidies. The programs funded through CCC are administered by employees of the Farm Service Agency, the Agricultural Marketing Service, and the Foreign Agricultural Service. The CCC has the authority to borrow up to $30 billion from the US Treasury to carry out its obligations. Net losses from its oper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidated Farm And Rural Development Act Of 1972
The Consolidated Farm and Rural Development Act of 1972 or Con Act (P.L. 92-419) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (FmHA). The legislation was originally enacted as the Consolidated Farmers Home Administration Act of 1961 (P.L. 87-128). In 1972, this title was changed to the Consolidated Farm and Rural Development Act, and is often referred to as the Con Act. The H.R. 12931 legislation was passed by the 92nd U.S. Congressional session and enacted by the 37th President of the United States Richard Nixon on August 30, 1972. The Con Act, as amended, currently serves as the authorizing statute for USDA's agricultural and rural development lending programs. The Act includes current authority for the following three major Farm Service Agency (FSA) farm loan programs: farm ownership loans, farm operating loans, and emergency disaster loans. Also the Act authorizes rural development loans and gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Supplemental Food Program
The Commodity Supplemental Food Program (CSFP) provides supplementary United States Department of Agriculture (USDA) food packages to the low-income elderly of at least 60 years of age. It is one of the fifteen federally-funded nutrition assistance programs of the Food and Nutrition Service (FNS), a USDA agency. The CSFP currently serves about 600,000 low‐income people every month. CSFP formerly served low-income pregnant and breastfeeding women and children, until February 6, 2014, when the responsibility to supplement their diets was shifted to the WIC: Special Supplemental Nutrition Program for Women, Infants and Children. History CSFP began in 1969, and originally aimed at providing foods to pregnant or postpartum women, infants, and children up to age six. And as every Farm Bill passed, the program evolved. In 1973, the program was officially authorized and funded with the Agriculture and Consumer Protection Act, and with the 1977 Farm Bill, its current name was se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Stamp Act Of 1964
The Food Stamp Act (P.L. 88-525) provided permanent legislative authority to the Food Stamp Program, which had been administratively implemented on a pilot basis in 1962. On August 31, 1964 it was signed into law by President Lyndon B. Johnson. It was later replaced and completely rewritten and revised by the food stamp provisions of the Food and Agriculture Act of 1977 (P.L. 95-113, Title XIII; 7 U.S.C. 2011 et seq.), which eliminated the purchase requirement and simplified eligibility requirements. Amendments were made to this Act in 1981–82, 1984–85, 1988, 1990, 1994, 1996, 1997, 1998 and 2002 (most recently by Title IV of the 2002 farm bill (P.L. 107-171, Sec. 4101-4126). As of 2005, the current Food Stamp Act (7 U.S.C. 2011 et seq.) includes authority through FY2007 for the regular Food Stamp Program, for Nutrition Assistance Grants to Puerto Rico and American Samoa (in lieu of food stamps), for Food Distribution Program on Indian Reservations, and for commodity purch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inventories
Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work within the process of production—all work that is or has occurred prior to the completion of production". In the context of a manufacturing production system, inventory refers to all work that has occurred—raw materials, partially finished products, finished products prior to sale and departure from the manufacturing system. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disaster Payments
In United States agricultural policy, disaster payments are direct federal payments provided to crop producers when either planting is prevented or crop yields are abnormally low because of adverse weather and related conditions. Between 1988 and 2005, ad hoc disaster legislation was enacted for each crop year, providing a total of nearly $20 billion in direct disaster payments to farmers. These payments were made both to producers with crop insurance and those without insurance. References * United States Department of Agriculture {{agriculture-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Program
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, 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 programs. See also *Target price *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 calle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omnibus Bill
An omnibus bill is a proposed law that covers a number of diverse or unrelated topics. ''Omnibus'' is derived from Latin and means "to, for, by, with or from everything". An omnibus bill is a single document that is accepted in a single vote by a legislature but packages together several measures into one or combines diverse subjects. Because of their large size and scope, omnibus bills limit opportunities for debate and scrutiny. Historically, omnibus bills have sometimes been used to pass controversial amendments. For this reason, some consider omnibus bills to be anti-democratic. United States In the United States, omnibus bills are sometimes known as "Big Ugly" bills. Examples include reconciliation bills, combined appropriations bills, and private relief and claims bills. Appropriations legislation Omnibus legislation is routinely used by the United States Congress to group together the budgets of all departments in one year in an omnibus spending bill. For example, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Program Crop
The Direct and Counter-cyclical Payment Program (DCP) of the USDA provides payments to eligible producers on farms enrolled for the 2002 through 2007 crop years. There are two types of DCP payments – direct payments and counter-cyclical payments. Both are computed using the base acres and payment yields established for the farm. DCP was authorized by the 2002 Farm Bill and is administered by the Farm Service Agency (FSA). Eligible producers To be eligible for payments under DCP, owners, operators, landlords, tenants, or sharecroppers must: *share in the risk of producing a crop on base acres on a farm enrolled in DCP, and be entitled to share in the crop available for marketing from the base acres or would have shared had a crop been produced; *annually report the use of the farm's cropland acreage; *comply with conservation and wetland protection requirements on all of their land; *comply with planting flexibility requirements; *use the base acres for agricultural or related acti ... [...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 Senat ... [...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 increas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
