Program Provisions
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The 2008 Farm Act
provides a framework for farm and
commodity programs for fiscal years 2008-12. The Act amends various
existing laws and adds some new programs. However, commodity policy
also reflects applicable provisions of underlying permanent
legislation and recent supplemental legislation and appropriations
acts. Unless current legislation suspends or revises the permanent
provisions of the Agricultural Adjustment Act of 1938, the
Commodity Credit Corporation Charter Act of 1948, and the
Agricultural Act of 1949, they are automatically in force and are
the basis of current programs. New farm legislation will likely be
written in 2012 when many provisions of the 2008 Farm Act expire.
The following pages describe the basic features of the primary farm
and commodity programs.
Title I (Commodity Programs)
-
Direct Payments (wheat, feed grains, cotton, rice, and
oilseeds)
-
Counter-Cyclical Payments (wheat, feed grains, cotton, rice,
oilseeds, and pulse crops)
- Average Crop Revenue
Election (wheat, feed grains, cotton, rice, oilseeds, and pulse
crops)
-
Marketing Assistance Loans and Loan Deficiency Payments (wheat,
feed grains, cotton, rice, oilseeds, wool and mohair, honey, and
pulse crops)
- Sugar
- Dairy
-
Payment Limitations
Title II (Conservation)
Title III (Trade)
Title IV (Nutrition)
Title VI (Rural Development)
Title VII (Research and Related Matters)
Title X (Horticulture and Organic Agriculture)
Title XII (Crop Insurance and Disaster Assistance
Programs)
Program Provisions for Previous Farm Acts