Farm Income and Flexibility Act of 1990

[AI summary unavailable — showing source text] Farm Income and Flexibility Act of 1990 - Title I: Wool and Mohair - Amends the National Wool Act of 1954 to extend the wool and mohair price support program through 1995. Title II: Wheat - Amends the Agricultural Act of 1949 to extend the wheat price support program through 1995. Sets the minimum purchase and loan level at $2.75 per bushel and the minimum established price at $4.00 per bushel. Sets forth provisions regarding: (1) deficiency payments; (2) conservation use of acreage; (3) payment rates; (4) estimated payments; (5) disaster payment-based reductions; (6) crop insurance; (7) acreage reduction and land diversion; (8) voluntary production limitations; and (9) cross compliance (not a required condition for price supports). Title III: Feed Grains - Amends the Agricultural Act of 1949 to extend the feed grain price support program through 1995. Sets the minimum purchase and loan level for corn at $2.10 per bushel and the minimum established price at $2.75 per bushel. Bases such levels for other feed grains on corn levels. Sets forth related provisions for feed grains similar to title II of this Act. Title IV: Oilseeds - Amends the Agricultural Act of 1949 to establish loans…