98-682 - Farm Disaster Assistance: USDA Programs and Recent Legislative Action
4-Nov-1998; Ralph Chite; 5 p.
Abstract: Several regions of the country have experienced natural disasters this year that have significantly reduced farm income for affected producers. The U.S. Department of Agriculture administers three major, permanently authorized programs to help mitigate the financial effects of natural disasters -- federal crop insurance, emergency disaster loans, and a noninsured assistance program. Some disaster programs are also available to help livestock producers rebuild herds or purchase feed when a disaster strikes. The Omnibus Consolidated Appropriations and Emergency Supplemental Appropriations Act , 1999 (P.L. 105-277) was signed into law on October 21, 1998, providing $5.9 billion in additional direct assistance to farmers to mitigate the effects of low crop prices and natural disasters. Included in this amount is $3.057 billion in ¨market loss¨ payments to compensate grain, cotton and dairy farmers for low commodity prices, $1.5 billion in direct disaster payments for 1998 crop losses, $875 million for farmers affected by multiple years of disaster, and $200 million in livestock feed assistance. [read report]
Topics: Agriculture, Federal Agencies