HTML _ RS20269 - Emergency Funding for Agriculture: A Brief History of Congressional Action, 1988 - June 1999
19-Jul-1999; Ralph M. Chite; 6 p.

Abstract: Between 1988 and June 1999, thirteen emergency supplemental or farm disaster acts provided a total of $17 billion in emergency funding for U.S. Department of Agriculture (USDA) programs. The vast majority of this amount has gone directly to farmers, primarily in the form of disaster payments ($12.2 billion) to any farmer suffering a significant crop loss caused by a natural disaster, and ¨market loss¨ payments ($3.1 billion) to help grain, cotton, and dairy farmers recover from low farm commodity prices. The remaining $1.7 billion has gone to a wide array of other USDA programs, including those for other forms of farm disaster assistance, farm loans, and overseas food aid. Congress is expected to consider a multi-billion financial assistance package for farmers sometime this year. This report will be updated to reflect any future enacted spending measures. [read report]

Topics: Agriculture, Federal Agencies, Risk & Reform

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