The Resource Agriculture Payments: Effectiveness of Efforts to Reduce Farm Payments has been Limited

Agriculture Payments: Effectiveness of Efforts to Reduce Farm Payments has been Limited

Label
Agriculture Payments: Effectiveness of Efforts to Reduce Farm Payments has been Limited
Title
Agriculture Payments: Effectiveness of Efforts to Reduce Farm Payments has been Limited
Contributor
Subject
Language
eng
Summary
The federal government has supported the incomes of farmers since the 1930s. Deficiency payments are designed to protect producers' incomes when crop prices fall below a legally established target price. The amount of the deficiency payment generally varies with the producer's level of production, the market price, and the target price. Concerned about large payments to farm operators and the overall cost of federal farm programs, in 1970 the Congress established an annual limit. In 1980 the deficiency payment limit was set at $50,000 per person and applied to the combined program payments for wheat, feed grains, cotton, and rice. The Food Security Act of 1985 continued this limit. Besides the $50,000 payment limit for these commodities, separate limits have been established for other agricultural programs, such as wool, honey, and disaster assistance. (See app. II.) Payment limits became a significant issue in the mid-1980s when deficiency payments increased significantly because farming operations became eligible for larger total payments. For example, the corn deficiency payment rate increased from 43 cents a bushel to $1.09 a bushel between 1984 and 1987. Without reorganizing their operations to create additional legal entities that qualified as persons for payments, farmers would have been limited to receiving $50,000 each
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
GENERAL ACCOUNTING OFFICE WASHINGTON DC RESOURCES COMMUNITY AND ECONOMIC DEVE LOPMENT DIV
http://library.link/vocab/subjectName
  • United states government
  • Costs
  • Farm crops
  • Congress
  • Disasters
  • Military assistance
  • Marketing
  • Production
  • Targets
  • Limitations
  • Budgets
  • Agriculture
  • Farms
  • Commodities
  • Corn
  • Woolen textiles
  • Cotton
  • Wheat
  • Government and Political Science
  • Administration and Management
  • Economics and Cost Analysis
Label
Agriculture Payments: Effectiveness of Efforts to Reduce Farm Payments has been Limited
Instantiates
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
33 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227827637
  • (OCoLC)ocn227827637
Label
Agriculture Payments: Effectiveness of Efforts to Reduce Farm Payments has been Limited
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
33 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227827637
  • (OCoLC)ocn227827637

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