|
Direct Government Payments, 2004-2008F |
|
Government programs |
2004
|
2005
|
2006
|
2007
|
2008F
|
Change
2007 to
2008 |
08/28/08 |
$ million
|
|
Total direct payments 1/ |
12,969.9 |
24,395.9 |
15,788.9 |
11,903.1 |
13,189.3 |
1,286.2 |
|
Production flexibility contract payments 2/ |
(4.2) |
(0.9) |
(0.3) |
(0.4) |
0.0 |
0.4 |
|
Fixed direct payments 3/ |
5,242.4 |
5,198.8 |
5,052.1 |
5,059.7 |
5,272.7 |
213.0 |
|
Counter-cyclical payments 4/ |
1,122.0 |
4,073.8 |
4,035.9 |
1,124.9 |
956.9 |
(168.0) |
|
Loan deficiency payments |
2,865.1 |
5,080.3 |
730.6 |
54.4 |
7.2 |
(47.2) |
|
Marketing loan gains 5/ |
131.2 |
368.7 |
188.3 |
271.8 |
0.0 |
(271.8) |
|
Certificate exchange gains |
475.7 |
1,614.0 |
873.3 |
818.4 |
0.0 |
(818.4) |
|
Peanut quota buyout payments |
24.7 |
22.3 |
21.2 |
0.0 |
0.0 |
0.0 |
|
Milk income loss program payments |
205.7 |
9.6 |
431.2 |
73.4 |
0.5 |
(72.9) |
|
Tobacco Transition Payment Program 6/ |
0.0 |
2,083.1 |
1,206.3 |
901.2 |
600.0 |
(301.2) |
|
Conservation program payments 7/ |
2,319.6 |
2,767.5 |
2,974.3 |
3,071.4 |
3,150.0 |
78.6 |
|
Ad hoc and emergency program payments 8/ |
582.4 |
3,168.8 |
274.5 |
527.9 |
3,200.0 |
2,672.1 |
|
Miscellaneous program payments 9/ |
5.4 |
9.9 |
1.7 |
(0.1) |
2.0 |
2.1 |
P = preliminary. F = forecast. Numbers may not add
due to rounding.
|
|
1/ Includes only those funds paid directly to farmers
within the calendar year. |
|
2/ Enactment of the 2002 Farm Act terminated the authority for production flexibility contract payments. |
|
3/ The calendar year 2008 forecast includes estimated 2008 crop advance and final payments and forecast
2009 crop advance payments in December 2008. |
|
4/ The 2008 calendar year forecast includes 2007
crop payments for peanuts and upland cotton.
Counter-cyclical payments for other commodities,
scheduled to be paid in calendar year 2008, are
projected to be zero. |
|
5/ In publications prior to May of 2001, marketing loan gains were included in cash receipts rather than
in government payments in the farm sector income accounts. |
|
6/ The estimates here include TTPP payments and lump-sum payments to quota holders and producers. The TTPP
payments to private parties are not included. |
|
7/ This category includes all conservation programs
except for those considered as emergency assistance
such as the Emergency Conservation Program. |
|
8/ This category includes all programs providing disaster and emergency assistance payments to growers. |
9/ Miscellaneous programs and provisions vary from year to year. Included here are CCP—Fruit and Vegetable Violation, CCP—Late Fees, and CCP—Payment Limitation Over payments which could not be directly linked to either Direct or Counter-cyclical Program
payments. |
See all
forecast tables.
|
|
