Provisions of the 1996 Farm Bill

Download or read book Provisions of the 1996 Farm Bill written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1997 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the longest farm bill debate in U.S. history, the Federal Agriculture Improvement and Reform Act of 1996 became law, significantly changes U.S. agricultural policy. The new Farm Act removes the link between income support payments and farm prices by providing for seven annual fixed but declining "production flexibility contract payments" whereby participating producers may receive government payments largely independent of farm prices, in contrast to the past when deficiency payments were dependent on farm prices. Includes a side-by-side comparison of 1990 and 1996 farm legislation.