HR 4979 · 106th Congress · Agriculture and Food
Family Farm Safety Net Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on General Farm Commodities, Resource Conservation and Credit.(2000-08-04)
Plain Language Summary
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Family Farm Safety Net Act - Amends the Agriculture Market Transition Act make the nonrecourse marketing assistance loan program permanent. Increases program loan rates for wheat, corn, upland cotton. extra long staple cotton, rice, soybeans, and other oil seeds. Establishes individual loan rates for grain sorghum, oats, and barley. Increases loan duration to 20 months, and authorizes extensions. Provides recourse loans to producers otherwise prevented by the Food Security Act of 1985 from obtaining nonrecourse marketing loans. Amends the Food Security Act of 1985 to increase the limit on marketing loan gains and loan deficiency payments. Establishes additional limitations.…
Summarized by Claude AI · Non-partisan · For informational purposes only