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Peanut 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, upland cotton, rice, soybeans, and other oilseeds). The three components of the Peanut Price Support Program are fixed direct payments (at $36/ton), counter-cyclical payments (based on a target price of $495/ton), and marketing assistance loans or loan deficiency payments (LDPs) (based on a loan rate of $355/ton). The peanut poundage quota and the two-tiered pricing features of the old program were repealed. Only historic peanut producers are eligible for the Direct and Counter-cyclical Program 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 pay ... [...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 This act has been superseded by the 2007 U.S. Farm Bill.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] |
Covered Commodities
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] |
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] |
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, lentils, and small chickpeas) under the 2002 farm bill (P.L. 101-171, Sec. 1201-1205). The new law largely continued the commodity loan programs as they were under previous law. Loan rate caps are specified in the law. Marketing loan repayment provisions apply when market prices drop below the loan rates. For farmers who forgo the use of marketing assistance loans, loan deficiency payment (LDP) rules apply (but not for ELS cotton). References Reference is a relationship between objects in which one object designates, or acts as a means by which to connect to or link to, another object. The first object in this relation is said to ''refer to'' the second object. It is called a ''name'' ... * {{DEFAULTSORT:Marketing Assistance Loans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan Deficiency Payments
In United States agriculture policy, loan deficiency payments (LDP) are a farm income support program first authorized by the Food Security Act of 1985 (P.L. 99-198) that makes direct payments, equivalent to marketing loan gains, to producers who agree not to obtain nonrecourse loans, even though they are eligible. Loan deficiency payments are available under the 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 ... (P.L. 101-171, Sec. 1205) for wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, other oilseeds, wool, mohair, honey, dry peas, lentils, and small chickpeas. Producer Option Payment (POP) is the original name for the loan deficiency payment (LDP). This phrase continues to be used by some farmers. References * External links Nonrecou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peanut Poundage Quota
Poundage quotas were authorized by the Agricultural Adjustment Act of 1938, so the peanut poundage quota was the supply control mechanism for the peanut price support program until its revision in the 2002 farm bill (P.L. 107-171, Sec. 1301-1310). The 1996 farm bill (P.L. 104-127) required that (for the 1996-2002 crops) the poundage quota be set equal to projected food demand and related uses. The national quota was allocated among states based on historical shares, and then divided among farms based on production history. Owners (via inheritance or purchase) of quota were allowed to sell peanuts produced against their quota, or sell, lease and transfer their quota to other producers. Peanuts marketed above the quota limits (called additional peanuts) had to be crushed for non-edible uses or exported. The 2002 farm bill eliminated peanut quotas and the two-tiered pricing structure and replaced this with a support program comparable to that for so-called covered commodities -- su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Two-tiered Pricing
Two-tiered pricing refers to a system under which commodities for domestic use are supported at one level and those for export markets at another, lower level. In the United States, the peanut price support program, until policy changes made by the 2002 farm bill (P.L. 101-171, Section 1301-1310), used a two-tiered pricing system with a higher level of support for “ quota peanuts” that could be sold domestically as edible peanuts and a lower level of support for “additional peanuts” that only could be exported or crushed if that stayed in the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie .... References *{{CRS, article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, url = http://ncseonline.org/nle/crsreports/05jun/97 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Direct And Counter-cyclical Program
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 act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peanuts
''Peanuts'' is a print syndication, syndicated daily strip, daily and Sunday strip, Sunday American comic strip written and illustrated by Charles M. Schulz. The strip's original run extended from 1950 to 2000, continuing in reruns afterward. ''Peanuts'' is among the most popular and influential in the history of comic strips, with 17,897 strips published in all, making it "arguably the longest story ever told by one human being". At the time of Schulz's death in 2000, ''Peanuts'' ran in over 2,600 newspapers, with a readership of around 355 million in 75 countries, and was translated into 21 languages. It helped to cement the Yonkoma, four-panel gag strip as the standard in the United States, and together with its merchandise earned Schulz more than $1 billion. ''Peanuts'' focuses entirely on a social circle of young children, where adults unseen character, exist but are never seen and rarely heard. The main character, Charlie Brown, is meek, nervous, and lacks self-c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
