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RS20913 - Farm ?Counter-Cyclical Assistance? 7-Mar-2002; Geoffrey S. Becker and Jasper Womach; 6 p. Update: May 31, 2002
Abstract: Congress has approved legislation (P.L. 107-171) reauthorizing major farm income and commodity price support programs through crop year 2007. This legislation includes new ?counter-cyclical assistance? programs for grains, cotton, oilseeds, peanuts, and milk. The intent of counter-cyclical assistance is to provide more government support when farm prices and/or incomes decline, and less support when they improve. In fact, farmers have, for many years, been eligible for various forms of counter-cyclical assistance. At issue has been the need for, and potential impacts of, another counter-cyclical program. This report will not be updated. [read report]
Topics: Agriculture
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