SlideServe
Télécharger Obtenir Pro
Menu
Accueil Pro
Préférences
ApparenceLight Aide et commentaires
© SlideServe · v2026

THE 1996 FARM ACT

oakley avatar
oakley
14 diapositives · 381 Views · Sep 09, 2014

THE 1996 FARM ACT. AGEC 4703 Lesson 5b Larry D. Sanders Fall 2005. Federal Agriculture Improvement & Reform Act (FAIR) of 1996. 7-years (1996-2002) Phasedown govt. support w/fixed payments Eliminates Target Prices & Deficiency Payments Acreage Reduction Program

#the 1996 farm act #the 1996 farm act ppt #powerpoint #presentation
THE 1996 FARM ACT - slide 1
01 / 14THE 1996 FARM ACT
1 / 17

Télécharger la présentation

THE 1996 FARM ACT
Une image / un lien ci-dessous est fourni (tel quel) pour télécharger la présentation

Politique de téléchargement : le contenu du site vous est fourni TEL QUEL pour votre information et votre usage personnel ; il ne peut être vendu, concédé sous licence ni partagé sur d’autres sites sans l’accord de son auteur.Le contenu vous est fourni TEL QUEL, pour votre information et votre usage personnel uniquement. Téléchargez la présentation en cliquant sur ce lien. Lors du téléchargement, si vous ne parvenez pas à télécharger une présentation, l’éditeur a peut-être supprimé le fichier de son serveur.Pendant le téléchargement, si vous ne parvenez pas à obtenir une présentation, le fichier a peut-être été supprimé par l’éditeur.

F I N

Plus de contenu associé

Transcription de la présentation

  1. THE 1996 FARM ACT AGEC 4703 Lesson 5b Larry D. Sanders Fall 2005

  2. Federal Agriculture Improvement & Reform Act (FAIR) of 1996 • 7-years (1996-2002) • Phasedown govt. support w/fixed payments • Eliminates • Target Prices & Deficiency Payments • Acreage Reduction Program • Mandatory Crop Insurance • Establishes Market Transition Payments

  3. FAIR (cont.) • Increases Planting Flex • Phasedown milk support price to $9.90 in 1999; replace w/recourse loan in 2000 • Cap CRP at 36.4 mil.ac.; EQIP, other programs approved • Fund for Rural America • Food Stamp/Nutrition reauthorized for 2 yrs

  4. FAIR: Commodity Provisions • Increases Planting Flex • Planting of any crop on “contract “ acres except fruits & vegetables (mung beans, lentils, dry beans are ok) • Haying & Grazing permitted, including alfalfa • Conservation compliance required • Establishes Market Transition Payments • Retains marketing loan • Reduce payment limit to $40,000

  5. FAIR: Peanut Provisions • Price Support: Quota $610/ton Additional $132/ton • National Quota Level: • 1.35 mil. tons minimum eliminated • 1996 Crop level--1.1 mil. tons • Eliminates Undermarketings • Transfer of Quota, Sale, Lease Authority Expanded • Transfer across county lines grows from 15% (‘96) to 40% (‘00)

  6. FAIR: Rural Development • Fund for Rural America ($300 mil.) • Financial Assistance for Telemedicine & Distance Learning • Water/Waste Facility Loans/Grants • Community Advancement & Leadership Program Established

  7. FAIR: Environmental Provisions • Conservation Reserve Program (CRP) maintained at 36.4 mil. ac. • New enrollments permitted with rental rates at fair market value • Early Out permitted w/restrictions • Wetlands Reserve Program (WRP) capped at 975,000 ac. • New Enrollments: • 1/3 Permanent Easements • 1/3 30-year/less Easements • 1/3 Wetland Restoration w/cost-share

  8. FAIR: Environmental Provisions • Environmental Quality Incentive Program (EQIP) • Cost share, Incentive payments & technical assistance; 5-10 yr. plan • Moderate/small livestock producers ($100 mil.) • Combines ACP, GPCP, WQIP, Colorado Salinity Program ($100 mil.)

  9. FAIR: Environmental Provisions • Conservation Farm Option (CFO) • Pilot Program for producers w/PFCs • Develop & implement 10-15 yr. plan • In exchange for CFO payments, producers forego participation in/payments under CRP, WRP, EQIP • Payment equivalent to foregone payment plus PFC payment

  10. FAIR: Cotton Provisions • Loan Rates: • Minimum $0.50; Maximum $0.5192 • May repay at: • smaller of established loan rate plus interest, or • prevailing world price, adjusted to US quality/location • 10-mo. loans • Recourse loans for seed cotton

  11. OKLAHOMA IMPACTS--Projected • TOTAL NET FARM INCOME ($ million) 1017 948 901 906 739 ACTUAL: 96: $558 97: $943 98:$767 99: $1108 00: $1145

  12. OKLAHOMA IMPACTS--Projected AVERAGE LAND VALUE ($/ag ac)

  13. Federal Direct Government Outlays, 1992-2011f ($bil) $ billion

  14. SUMMARY • 7 yrs. to efficency for Crop Producers? 2002: No • 4 yrs. for Dairy Producers? 2002: No; on hold • Near total flexibility 2002: Yes; very popular • More volatility in Feed Price & Supply 2002: Yes • Continued support for export markets 2002: Yes, but questionable support