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Historic Peanut Producers
In United States agricultural policy, Historic peanut producers are those producers who were actively involved in planting and harvesting peanuts in the 1998-2001 period. Under the 2002 farm bill (P.L. 107-171, Sec. 1301-1310), only these historic producers are eligible to receive fixed direct payments and counter-cyclical payments under the new peanut program, irrespective of whether or not they continue to produce peanuts. Payments made to these producers are based on past production on historical acreage. See also *Peanut Price Support Program The 2002 farm bill (P.L. 107–171, Sec. 1301–1310) replaced the longtime (65-year) support program for peanuts with a framework identical in structure to the program for the so-called covered commodities (wheat, corn, grain sorghum, barley, oats ... References {{CRS, article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, url = http://ncseonline.org/nle/crsreports/05jun/97-905.pdf, author= ... [...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 This act has been superseded by the 2007 U.S. Farm Bill.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] |
Counter-cyclical Payments
Counter-cyclical payment (CCP) — Under the Direct and Counter-cyclical Program (DCP) created by the 2002 farm bill (P.L. 101-171, Sec. 1101-1108), counter-cyclical payments are made to participating producers when the marketing year average price received by farmers for a covered commodity is less than the target price. The total payment to a producer is the payment acres (85% of base acres) times the payment rate (target price minus average market price A price is the (usually not negative) quantity of payment or Financial compensation, compensation given by one Party (law), party to another in return for Good (economics), goods or Service (economics), services. In some situations, the pr ..., except not more than the difference between the target price and the sum of the national loan rate and the direct payment rate). References * {{DEFAULTSORT:Counter-Cyclical Payment United States Department of Agriculture Agricultural subsidies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |