PDF _ RS21493 - Payment Limits for Farm Commodity Programs: Issues and Proposals
1-Sep-2006; Jim Monke; 6 p.

Update: September 1, 2006

Abstract: Payment limits set a maximum amount of farm commodity program payments per person. Limits were created in 1970 and continue today. Federal deficits and perceived inequities about the distribution of payments have heightened congressional attention. In the 109th Congress, S. 385 and H.R. 1590 would tighten the limits and count commodity certificates toward the limit. A Senate floor amendment to add payment limits to the Deficit Reduction Act of 2005 (P.L. 109-171) failed by a procedural vote of 46-53. In 2005 and 2006, the Administration proposed to tighten payment limits. Tighter limits likely would affect more southern cotton and rice farms than midwestern feed grain and oilseed farms. Fewer acres of cotton or rice are needed to reach the limit since payments per acre generally are higher. This report will be updated.

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Topics: Agriculture

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