Start Date

11-12-2008 12:00 AM

Description

Federal disaster payments for areas that have suffered severe crop losses have been around for a long time. However, they have usually been implemented on an ad hoc basis each time widespread productions problems arose. The new farm bill changes this. In addition, producers of USDA program crops such as soybeans, wheat and com have the option to enroll in a new counter-cyclical revenue plan. It is being offered as an alternative to the price counter-cyclical payment option under the 2003 farm bill.

DOI

https://doi.org/10.31274/icm-180809-926

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Dec 11th, 12:00 AM

ACRE and Sure: Two New Commodity Programs Under the 2008 Farm Bill

Federal disaster payments for areas that have suffered severe crop losses have been around for a long time. However, they have usually been implemented on an ad hoc basis each time widespread productions problems arose. The new farm bill changes this. In addition, producers of USDA program crops such as soybeans, wheat and com have the option to enroll in a new counter-cyclical revenue plan. It is being offered as an alternative to the price counter-cyclical payment option under the 2003 farm bill.

 

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