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The 2002
Farm Act (1.13 MB) provides a framework for farm and commodity programs for fiscal years 2002-07. 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 2007 when many provisions of the 2002 Farm Act expire. For basic features of the primary farm and commodity programs, see below.
- Direct Payments (Wheat, Feed
Grains, Rice, Cotton, and Oilseeds)
- Counter-Cyclical Income Support
Payments (Wheat, Feed Grains, Rice, Cotton, and Oilseeds)
- Marketing Assistance Loan and LDP Programs
(Wheat, Feed Grains, Rice, Cotton, and Oilseeds)
- Special Cotton
Provisions
- Dairy Programs
- Peanut Program
- Sugar Program
- Fruit and Vegetable Marketing
Orders
- Crop Yield and Revenue Insurance
- Natural Disaster and Emergency Assistance
Programs
- Conservation and Environmental Programs
- Major Trade Programs
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